Ichimoku Australian Trade of the Week Sept 12, 2014 : NWS-ASX, News Corp 4 time frame buy

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  • Ichimoku Australian Trade of the Week Sept 12, 2014 : NWS-ASX, News Corp 4 time frame buy

On Sept 8, 2014, we received an Ichimoku 4 time frame buy email alert on the Australian stock NWS-ASX, News Corp.   The email alert is shown below:

weekly_aust_stock_9_12_14_email

The daily time frame is trying to change sentiment from consolidation to bullish based on Ichimoku.  As a result, there is a high probability of it getting to the next major resistance.    We therefore setup for a pull back trade on the 240m.   The entry is 18.36, initial stop of 18.31, and a target of 18.69.  This is a reward of 0.33 and max risk of 0.05.  This is over 6:1 reward/risk ratio.  Here is the chart setup:

weekly_aust_stock_9_12_14_chart

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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