Ichimoku Forex Trade of the Week Nov 28, 2014 : 5 time frame Sell AUDNZD Currency

Nov 25, 2014 10:00:11 AM EST, We received an Ichimoku 5 time frame Buy Email alert on the AUDNZD Currency for the forex market.  Here is the email alert:

 

AUDNZD 10m BO Email Alert

 

Took the 4hr break out instead of the pull back. With the multi time frame all bearish, did not see this pulling back. Found a 1:1 reward risk ratio in the 4hr. Entry is 1.0912, Initial stop is 1.0982 and preserve mode is 1.0838. Lets take a look at the chart.

AUDNZD 4hr BO

 

Reached the preserve mode

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About the Author Michael Colquitt