June 25

Forex Trade of the Week : June 20, 2014 -> 6 time frame Ichimoku Sell EURCAD Currency


On June 20, 2014, we received an Ichimoku Forex 6 time frame Sell email alert on EURCAD  currency from www.ichimokutrade.com.     Here is the email alert:




The EURCAD has been consolidation for a while but it is still bearish.    Since all the time frame were bearish , we setup for a pull back trade.        The entry was 1.47451, initial stop of 1.47584, and a preserve mode of 1.46682.   This would give us a max risk of .00124 pips and a min. reward of 1.46682 pips.    We are looking for a reward/risk of  3:1.     Here is the chart setup:


eurcad_120m_62014 (2)


We are now in preserve mode at 1.46682

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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carry trade, Currency, Day Trading, eur, Forex, GBPCAD, Ichimoku, jpy, Strategy, Trading

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