On March 2nd, 2016, we received an Ichimoku 4 time frame Buy email alert on ANTO-LON, ANTOFAGASTA for the UK FTSE Stock Market. The email alert is shown below:
Everything on the lower time frames was pointing towards a bullish move. The higher time frames on the other hand were not bullish. The daily was turning bullish but the weekly and monthly were still bearish, so this was an aggressive trade. We took the 1hr breakout at 528 with a stop at 502 and a target at 584. Our initial reward to risk ratio was 2.15 to 1.
See chart below for setup….
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