Currency Ichimoku trade of the Week EURUSD 8-24-12

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On 8-20-2012, we received a 4 time frame Ichimoku Buy Email alert on EURUSD for Currency / Forex market. The email alert is shown below:

The 4Hr chart setup is shown below. Entry was 1.2318, initial risk of 1.2282, and a preserve mode value of 1.2431. This is a min. reward of .0113 and a max risk of 0.0036. This is a 3:1 reward/risk i.e. 313% profit. The trade was exited at 1.2525.

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com

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