Ichimoku Forex Trade of the Week April 3, 2015 : 7 time frame Sell EURJPY Currency

April 01, 2015 08:39:04 PM EST, We received an Ichimoku 7 time frame SELL Email alert on the EURJPY Currency for the forex market.  Here is the email alert:

eurjpy email alert

 

As you can see we have a 7x time sell but the trade never triggered. Once the email failed I looked for a reversal. When the price broke out of the cloud on the 30m I looked for a bullish set up.

 

Took the 30m break out. Need a 1:1 reward risk. The entry is 177.41, initial stop is 178.08 and preserve mode is 176.47. Lets take a look at the chart

eurjpy email alert chart 1hr

 

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 Michel Colquitt