Ichimoku Forex Trade of the Week Jan 16, 2015 : 7 time frame Sell EURJPYCurrency

Jan 15, 2015 08:50:01 AM EST, We received an Ichimoku 5 time frame Sell Email alert on the EURJPY Currency for the forex market.  Here is the email alert:

EURJPY email alert (1)

 

Took the 1hr pull back. Need a 3:1 reward risk ratio. My entry is 137.26, initial stop is 137.53, and preserve mode is 136.26, . Lets take a look at the chart .

 

EURJPY 1hr KS PB email chart1.15.15

 

This trade ended up being better than a 3:1.

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About the Author Michel Colquitt