Ichimoku Forex Trade of the Week Oct 17, 2014 : 5 time frame Sell GBPUSD Currency

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  • Ichimoku Forex Trade of the Week Oct 17, 2014 : 5 time frame Sell GBPUSD Currency

Oct 13, 2014 02:09:10 PM EST, we received an Ichimoku 5 time frame Sell Email alert on the GBPUSD Currency for the forex market.  Here is the email alert:

GBPUSD email alert

 

We took the 1 hr pull back. So we need a 3:1 reward risk ratio. Our entry is 1.6087, Stop was 1.6097 and preserve mode 1.6051. We have a 3:1. As you can see the first pull back stopped us out but closed below the the level. So the next bar would be the entry or re-entry.

GBPUSD email alert chart

 

We reached the preserve mode

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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