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.
If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com
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