On Sept. 23, 2013, we received an Ichimoku 3 multiple time frame Buy email alert on Encana Corporation for the Canadian Stock market. The email is shown below.
There was an email alert, as shown above, for a multi time frame bearish breakout setup of Encana Corporation’s stock. As soon as the price broke on the bearish side, it had a strong momentum supporting it. This was an ideal opportunity to take a break out trade. The entry was at $ 18.07. Initial stop of $ 18.19 and a target of $ 17.70 was set. That gave us a risk of $ 0.12 per share. The trade was exited, based on proprietary ichimoku system, with a profit of $ 0.37 per share. There was a Risk : reward of 1 : 3.1. Here is the chart setup:
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