September 17, We received an Ichimoku 4 time frame Buy Email alert on 4689-TSE, YAHOO JAPAN CORP
Here is the email alert:
We used a pullback strategy because it had a multi time frame support 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 480.41, initial stop of 486.15, preserve mode of 459.36.
The risk is 5.74 and the reward is 21.05 to preserve mode. Reaching to preserve mode, it is a 3:1 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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