On February 3rd, 2016, we received an Ichimoku 3 time frame sell email alert on MRK.D-CHX, Merck KGaA for the German Stock Market. The email alert is shown below.
We had a bearish breakout opportunity on the 2hr chart. Our entry was 76.79 with an initial stop at 81.04 and a target at 71.52. Our reward to risk is greater than 1 to 1, which allowed us to execute the trade.
See chart below for 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
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