$Europe Stock Market Trade of the Week Merck 6 time frame Buy

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$Europe Stock Market Trade of the Week Merck 6 time frame Buy.   On March 29 we received a 6 Time frame Ichimoku Buy Email alert for $MRK.D-CHX, Merck for the German $DAX stock market.   Here is the email alert received.


Our trading plan only allows us to trade Strategy #4.    We will take the trade off the 120m.     Below is the 120m chart provided by eSignal.



The 240m has a IMTF™ black square support in the setup zone.   Therefore, we will setup for a pull back trade.   The shows the entry, initial stop, and preserve mode.    The reward/risk is over 4:1 so it fits our money management requirements.


Preserve mode was reached and eventually, the trade was stopped out with over a 3:1 reward/risk.

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 or email us at info@eiicapital.com

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