Futures 6/7 Timeframe Ichimoku Email Alerts for the week ending May 20
The following analysis is based on a 3 Step Trading Plan published earlier. See following link for original post: https://www.ichimokutrade.com/c/?p=10431
6 timeframe sell alert on mini Russell 2000 on May 16 @ 04:57EST. I could not identify an iMTF resistance because no Ichimoku levels were a direct match so there was no opportunity for a pullback trade. I looked to see if a breakout opportunity existed, however, the Reward/Risk did not meet the criteria in our Trading Plan so there was no trade here.
6 timeframe buy alert on Sugar on May 16 @ 11:59EST. I Identified an iMTF support on 10m/30m/60m/120m/240m at 16.65, however, the pullback nor the breakout provide a good Reward/Risk so we will walk away from this opportunity.
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