On September 14th, 2015, we received an Ichimoku 5 time frame sell email alert on MKS-LON, MARKS & SPENCER for the UK FTSE Stock Market. The email alert is shown below:
When we looked at the charts after the alert, initially there was not an ichimoku setup. So we kept an eye out on it and on the 16th, we got a setup. There was a multi-time frame level at 500.405 so that is where we placed our entry, our stop was 504.256 and our target, 484.850. Our reward to risk ratio was 4 to 1.
See chart below for setup….
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