On March 8th, 2016, we received an Ichimoku 5 time frame sell email alert on EOAN.D-CHX, E.ON SE for the German Stock Market. The email alert is shown below.
We wanted to take the 2hr breakout, but our reward to risk entry rules prevented us from doing so. Our risk on the 2hr was greater than the reward, so we went down to the 1hr and the risk was even higher. So we could not enter the trade.
See charts below for setup….
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