The NZDCAD day trade didn’t work out. However, it was low risk so that was no problem. The EURNZD currency did work out well so far. We received at 9:30am EST, an 4 time frame Ichimoku Email alert Buy for the EURNZD Currency from www.ichimokutrade.com. Here is the email alert:
The lowest time frame for this trade was 60m. Therefore, we setup the trade on the 60m with a entry of 1.5747, initial stop of 1.5737, and a preserve mode of 1.5788. This gives a max risk of 8 pips and a min. reward of 41 pips. This is over 4:1 reward/risk ratio i.e. 400%+. Here is the chart setup:
We have not reached preserve mode yet where we will protect our profits by tightening our stop.
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