Forex Trade of the Week : May 6, 2014 -> 7 time frame Ichimoku Sell EURNOK Currency

On May 6 2014, we received an Ichimoku Forex 7 time frame Sell email alert on EURNOK currency from www.ichimokutrade.com.     Here is the email alert:

weekly_currency_5_09_14_email

Based on the email alert, we setup for a 2h pull back trade.   The entry was 8.2509, initial stop of 8.2588, and preserve mode of 8.2208.     The max. risk is 0.0079 and a min. reward of 0.0301.   The min. reward/risk would be 3:1 i.e. 381%+.   Here is the chart setup:

 

weekly_currency_5_09_14_chart

The trade was exited at 8.1509.

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 Manesh Patel