Aug 25, 2014 04:30:08 AM EST, we received an Ichimoku 4 time frame Sell Email alert on the GBPAUD Currency for the forex market. Here is the email alert:
The instrument is already trend. As a result, we are going to keep our risk now and trade a pull back trade on the 240m. The entry will be 1.7855, initial stop of 1.7879, and a preserve mode value of 1.7776. This would give us a max risk of 23 pips and a min. reward of 79 pips. This is over 3:1 reward/risk ratio. Here is the chart:
We reached our preserve mode value and then we tightened our stop. We got stopped out for a profit at 1.7743.
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