Ichimoku Forex Trade of the Week Oct 10, 2014 : 5 time frame Buy AUDNZD Currency

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  • Ichimoku Forex Trade of the Week Oct 10, 2014 : 5 time frame Buy AUDNZD Currency

Oct 6, 2014 07:56:10 AM EST, we received an Ichimoku 5 time frame Buy Email alert on the AUDNZD Currency for the forex market.  Here is the email alert:

Currency AUDNZD 30m KS PB email Alert


So we took the 30 m pull back. We need a 3 to 1 reward risk and we have that. Entry is 1.1200, stop is 1.1192. Our preserve mode is 1.1226. Now the timing is the key. The last bar had a shake out. This was a good sign that this trade had a high probability to work. So the next bar (8:30 am) was the next bar to go in on. So even if you took the 8 am bar you still could have entered on the next bar. Lets take a look at the chart.

currency AUDNZD 30m KS PB Chart


as you can see we reached out target before it reversed.

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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