Ichimoku Forex Trade of the Week May 29, 2015 : 7x time frame Buy USDJPY Currency

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  • Ichimoku Forex Trade of the Week May 29, 2015 : 7x time frame Buy USDJPY Currency

May 24, 2015 02:43:05 PM EST, We received an Ichimoku 7 time frame Buy Email alert on the USDJPY Currency for the forex market.  Here is the email alert:

USDJPY 7x Email Alert


Looking at the 1hr break out. USDJPY is breaking new highs. In times like this I still stick to the one to one rule for the break out.  The Entry is 121.65, Initial Stop: 121.02. Lets take a look at the chart.


The 1hr May have got stopped out if you follow the green line, could have looked for the 4hr possibly if you didn’t mind taking on a little more risk.


The 4hr stayed strong.


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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