Forex Ichimoku Multiply Timeframe Trade of the Week 5-3-13 : CHFJPY Currency

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On May 1, 2013, we received an Ichimoku 7 Multiply Time Frame Buy Forex Email alert on the currency CHFJPY.  The email is shown below:

The trade was setup on a 2hr chart.  The entry was 104.59, initial stop of 104.39, preserve mode of 105.30, and a target of 105.83.    A target was chosen due to the higher time frames.   This would give us a min. reward of 0.71 to the preserve mode and a 0.20 maximum risk.   This would be a 3.5:1 reward/risk i.e. 350% return to preserve mode.   Here is the chart setup:


Trade got to our target and it was automatically exited.


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