On Dec 9, 2013, we received an Ichimoku 6 time frame Buy Forex email alert on the EURAUD currency from www.ichimokutrade.com. Here is the email alert.
The instrument was consolidating and the highest time frame was 120m. Therefore, we setup for a breakout trade on the 2h time frame for a trend continuation trade. The entry was 1.5170, initial stop of 1.5061, and preserve mode of 1.6439. This gives a min. reward of 269 pips and a max risk of 109. This would give us a min. 2.46:1 on placing the trade. It will definitely be a 3:1 on entry. Here is the chart.
We entered preserve mode and exited the trade at 1.5367.
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