On January 25th, 2016, we received an Ichimoku 5 time frame buy email alert on ADS.D-CHX, Adidas AG for the German Stock Market. The email alert is shown below
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We initially had an Ichimoku 5 time frame buy email alert on January 20th, but our order did not fill for the 2hr Kijun Sen pullback at 88.45. Price got to 88.49 which was just shy of or entry.
We received another alert on January 25th and the charts were still bullish so we placed a breakout order at 95.35. This level would clear the previous pivot and create a new high. Our stop is 87.35 and our target at 103.35, giving us an initial reward to risk of 1 to 1.
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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