On February 29th, 2016, we received an Ichimoku 4 time frame Buy email alert on CPG-LON, COMPASS GROUP for the UK FTSE Stock Market. The email alert is shown below:
This stock was at an all time high when we took the breakout on the 1hr. The higher time frames were extremely bullish. Our entry would put it a new all time high. The entry was 1259 with a stop at 1230 and a target at 1290. This gave us a reward to risk ratio of 1 to 1, allowing us to take the trade.
See chart below for setup….
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