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Forex Trade of the Week : July 01, 2014 -> 6 time frame Ichimoku Buy CADJPY Currency

On July 01, 2014, we received an Ichimoku Forex 6 time frame Buy email alert on CADJPY  currency from www.ichimokutrade.com.     Here is the email alert:

CAD.JPY6xbuy.emailalert (1)

 

The CADJPY Break Out on the 60m.    The Higher time were in sync.  The entry was 95.16, initial stop of 91.93, and a preserve mode of 95.82.   This would give us a max risk of .23 pips and a min. reward of .66 pips.    We are looking for a reward/risk bigger than 1:1.     Here is the chart setup:

CAD.JPY1hrBO6xBUYChart

We are now in preserve mode at 95.82

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

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.

 

 

About the Author Michael Colquitt