On Jan 21, 2014, we received an Ichimoku 7 time frame Buy email alert on EURCAD Currency for the Forex market from www.ichimokutrade.com. Here is the email alert:
We setup the trade on the 4h since it was a cloud breakout. The consolidation pattern showed that the bullish momentum is strong. As a result, we are going to setup a pull back trade. The entry is 1.4850, initial stop of 1.4818, and a preserve mode of 1.4990. The max risk is 32 pips and the min. reward is 140 pips. This gives us a min. 4:1 reward/risk ratio i.e. 437%. Here is the chart setup:
The trade entered preserve mode and we exited the trade at 1.5147.
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