July 15, We received an Ichimoku 5 time frame Buy Email alert on REG-ASX, REG HEALTH FPO.
Click on the email alert image:
As you can see there are many time frame that has an ichimoku bullish strategy happening. We have chosen with 120M for a quicker trade and it has multi time frame matching support so a pull back strategy was used to limit our risk.
The entry was 5.46, initial stop of 5.41, preserve mode of 5.61.
The risk is 0.05 and the reward is 0.15 to preserve mode. Reaching to preserve mode, it is 3:1 reward/risk ratio.
Click on chart for reference:
On the 16th it hit our entry level. Now it is to manage the trade. When it hits preserve mode you can get out on full position or take half profit, let the other run. While doing this you need to trail your stop.
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