Ichimoku Singapore Stock Trade (31-7-2014) F17-SES GUOCOLAND

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Today, 34 mins ago, we received a 4 sell timeframe signal for the Singapore Stock Guocoland.

Below is the signal:









From the signal, the breakout is happening on the 240 mins chart. The entry of this breakout is 2.08 , initial stop at 2.138 and target is 2.024. I set as a target instead of preserve mode because the target 2.024 is actually the major support at monthly (the kijun sen). If it can reach to the target, it will be at least a 100% reward risk ratio trade.

Below is the chart:









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