Ichimoku Australia Trade of the Week Aug 29, 2014, 5 Time frame Buy Qantas Airways

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  • Ichimoku Australia Trade of the Week Aug 29, 2014, 5 Time frame Buy Qantas Airways

Aug 20, 2014 05:25:08 AM EST, we received an Ichimoku 5 time frame buy email alert on the Australia Stock Qantas Airways, QAN-ASX.  Here is the email alert:


The charts are showing the instrument is consolidating.     On the 240m, we can see a nice strong support at 1.28.   This is where we are going to setup the trade.  The entry is 1.28, initial stop of 1.26, and preserve mode value of 1.34.    The max risk is 0.02 and a min. reward of 0.06.  This would give us a min. reward/risk of 3:1.   Here is the chart:


We reached our preserve mode value so we are now tightening our stop.  The current stop is 1.42.

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com

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