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Forex Trade of the Week : July 18, 2014 -> 5 time frame Ichimoku Sell EURJPY Currency

On July 15, 2014, we received an Ichimoku Forex 5 time frame Sell email alert on EURJPY  currency from www.ichimokutrade.com.     Here is the email alert:

Currency_EURJPY_5xSell_EmailAlert

 

The EURJPY Break Out on the 60m.    The Higher time were in sync.  The entry was 137.80 , initial stop of 138.22, and a preserve mode of 136.80.   This would give us a max risk of  .42 pips and a reward of 100 pips.    We are looking for a reward/risk bigger than 1:1.     Here is the chart setup:

 

Currency_EURJPY_Chart

 

We are now past preserve mode at 136.80

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