Sept 03, 2014 08:27:09 AM EST, we received an Ichimoku 5 time frame Sell Email alert on the NZDCAD Currency for the forex market. Here is the email alert:
The instrument is already trend. As a result, we are going to keep our risk now and trade a pull back trade on the 120m. The entry will be .9091, initial stop of .9099, and a preserve mode value of .9062. This would give us a max risk of 7 pips and a min. reward of 29 pips. This is over 3:1 reward/risk ratio. Here is the chart:
We reached our preserve mode value.
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