On July 1st, 2015, we received an Ichimoku 3 time frame sell email alert on ULVR-LON, UNILEVER for the UK FTSE Stock Market. The email alert is shown below:
We had a bearish breakout strategy on the 4hr chart. There was also a pullback opportunity to the Kijun Sen that matched the Daily Tenkan Sen at 2795.626. Our entry was 2795.626, stop at 2816.686 and our target was 2728.935. Our reward/risk ratio was 3.2:1.
In trading we often see patterns repeated. Look at the setup of this trade and then go back on the same time frame to June 11th around price 2847.
See chart below for setup…
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