August 28, We received an Ichimoku 4 time frame Buy Email alert on 9107-TSE, KAWASAKI KISEN KAISHA, LTD.
Here is the email alert:
We used a pullback strategy because it had a multi time frame resistance match from lower and higher time frames which gives a higher probability of success and also to keep our risk low. We are going to use the 120M time frame to setup the pullback trade.
The entry was 278.12, initial stop of 281.80, preserve mode of 260.92.
The risk is 3.68 and the reward is 17.2 to preserve mode. Reaching to preserve mode, it is a 4:1 reward/risk ratio. For pullback trades our minimum would be a 3:1 if it is not then we don’t take the trade.
Here is the chart for reference:
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