On February 3rd, 2016, we received an Ichimoku 3 time frame sell email alert on MRK.D-CHX, Merck KGaA for the German Stock Market. The email alert is shown below.
We had a bearish breakout opportunity on the 2hr chart. Our entry was 76.79 with an initial stop at 81.04 and a target at 71.52. Our reward to risk is greater than 1 to 1, which allowed us to execute the trade.
See chart below for setup….
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