Ichimoku Currency / Forex Trade of the Week 1-23-13 : USDCAD

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On Jan 22, 2013, we received an Ichimoku 5 Time Frame Buy Email alert on USDCAD currency for the Forex market.   Here is the email alert:


The entry is .9903, initial stop of .9886, preserve mode value of .9966, and a target of 1.0056.   The max risk would be 17 pips and a min. reward of 63 to the preserve mode and 153 pips to the target.    This would give us a min. reward/risk of 3.7:1 i.e. 370%.    Here is the chart:

The trade reached our target and we exited the trade.

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

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