Currency / Forex Trade of the Week 1-18-13 : GBPUSD 2h

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On January 14, 2013, we received an Ichimoku 5 time frame buy on GBPUSD currency for the Forex market.   The email alert is shown below:

The trade was for the 2 hour time frame to keep the risk low and maximize on the reward.  The entry was 1.6100, initial risk of 1.6118, preserve mode of 1.6037, and a target of 1.5883.    The max. risk is 18 pips with a min. reward of 63 pips to the preserve mode value.  This would give us a min. of 3.5/1 i.e 350% return.   Here is the chart setup:

We exited the trade at 1.6018 with a profit.   Later, we did setup for another pull back trade which got us to the initial target we had projected.

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