Below is a chart setup for the Ichimoku chart setup for the 10 Year US Treasure Notes. The left side represents a 30m time frame. The right side is the Daily time frame. All the various support levels have been marked.
A lot of people think that Ichimoku does not work on lower time frames and is very limited on what instruments it works for. This trades shows they are incorrect. Lower time frame trading is just like the higher time frame but things move faster. Also the trends are not longer but you can validate everything by calculating the reward/risk ratio like we just did on this chart setup.
We have now reached the S2 level. The trade is “FREE” i.e. the stop is below the entry. As the trend continues to go down, we lock in more and more profits.
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 email@example.com
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