Aug 12, 2014 09:26:08 AM EST , we received an Ichimoku forex 7 time frame email alert sell on the currency NZDJPY. Here is the email alert:
The monthly time frame is bullish and almost a minor support. As a result, we are going to put a pull back trade on the 60m with a very low risk. The entry will be 86.25, initial stop of 86.33, and a preserve mode at 85.88. This will give us a max risk of 8 pips with a min. reward of 37 pips. With the spread, this is over 3:1 reward/risk ratio i.e. 300%. We will put an alert at 85.66 which is the monthly support to see what happens at this price. Here is the chart setup:
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.
