Ichimoku Forex Trade of the Week 7-19-13 : EURJPY Currency

  • Home
  • /
  • Blog
  • /
  • Ichimoku Forex Trade of the Week 7-19-13 : EURJPY Currency

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

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.