Ichimoku Forex Trade of the Week Sept 06, 2014 : 5 time frame Sell NZDCAD Currency

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  • Ichimoku Forex Trade of the Week Sept 06, 2014 : 5 time frame Sell NZDCAD Currency

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:

NZD.CAD 5xSell 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.

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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