Forex Trade of the Week :July 11, 2014 -> 5 time frame Ichimoku Sell EUR.NZD Currency

On July 04, 2014, we received an Ichimoku Forex 5 time frame Sell email alert on EURNZD  currency from www.ichimokutrade.com.     Here is the email alert:

EUR.NZD_CURRENCY_5xSell

 

Since all the time frame were bearish , we setup for a Break Out Trade.        The entry was 1.5526, initial stop of 1.5592, and a preserve mode of 1.5436.   This would give us a max risk of .0066 pips and a min. reward of .0088 pips.    We are looking for a reward/risk of  1:1.     Here is the chart setup:

EUR.NZD_CHART

 

We are now in preserve mode at 1.5436

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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About the Author Michael Colquitt