July 23, We received an Ichimoku 4 time frame Sell Email alert on KAR-ASX, KAROON FPO.
Click on the email alert image:
As you can see there are many time frame that has an ichimoku bearish strategy happening. We have chosen with 240M for a quicker trade and it has multi time frame matching resistance so a pull back strategy was used to limit our risk.
The entry was 2.29, initial stop of 2.34, preserve mode of 2.12.
The risk is 0.05 and the reward is 0.17 to preserve mode. Reaching to preserve mode, it is 3:1 reward/risk ratio.
Click on chart for reference:
On the 24th it hit our entry now what is left to do is manage the trade.
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