May 17, We received an Ichimoku 3 time frame Buy Email alert on SHV-ASX, SELECT FPO. Here is the email alert:
We used a pullback strategy because it had a multi time frame support match and also to keep our risk low. We are going to use the 240m time frame to setup the pullback trade.
The entry was 10.05, initial stop of 9.93, preserve mode of 10.58.
The risk is 0.12 and the reward is 0.53 to preserve mode. Reaching to preserve mode, it is a 4:1 reward/risk ratio.
Here is the chart for reference:
As you can see it reached to preserve mode in a few days, in this situation you can get out of full position or leave half a position and let the rest run until it hits our stop loss which will be trailing.
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