Ichimoku Forex Trade of the Week Sept 19, 2014 : 5 time frame Sell EURGBP Currency

  • Home
  • /
  • Blog
  • /
  • Ichimoku Forex Trade of the Week Sept 19, 2014 : 5 time frame Sell EURGBP Currency

Sept 17, 2014 12:26:09 AM EST, we received an Ichimoku 5 time frame Sell email alert on the EURGBP Currency for the forex market.  Here is the email alert:

CURRENCY EURGBP 4hr BO Email ALert 9.17.14


We took the 4hr break out. Entry is .7923 and Initial stop is .8018. This gives us 95 pips risk. For a break out we need a good reward risk of 1:1. So my preserve mode is the weekly pivot low at .7779. This gives us a reward of 144 pips. This gives us more than a 1:1 reward risk. Lets take a look at the chart


As you can see we are still headed to our 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

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.