On July 12, 2013, we received an Ichimoku buy signal on the EURJPY currency pair for the Forex market. The email is shown below:
The chart was setup on a 4h time frame. The entry was 129.27, initial stop of 128.76, and a preserve mode value of 131.10. This would give us a max risk of 51 pips and a min. reward of 183 pips. This would be a min. 3.58:1 reward/risk ratio.
The trade was exited for a profit at 131.50.
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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