On February 26th, 2016, we received an Ichimoku 3 time frame buy email alert on LHA.D-CHX, Deutsche Lufthansa Aktiengesellschaft for the German Stock Market. The email alert is shown below.
When we got the alert, we saw an opportunity for a 1hr pullback and breakout. The reward to risk ratio on the breakout was less than 1 to 1 so we went with the pullback. Our entry was 13.46 with a stop at 13.37 and our preserve mode at 13.81. When we reach preserve mode we tighten up or stop. We got out at 14.08, which was a major resistance level on the higher time frame.
See chart below for setup….
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