Ichimoku UK Trade of the Week 5 time frame Sell : CRH PLC

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Aug 22, 2014 04:01:08 AM EST (9 am EST), we received an Ichimoku 5 time sell email alert on the UK (FTSE) stock, CRH Plc.   Here is the email alert:



The higher time frames are showing the instrument is still in a long term bearish trend.   The 4h time frame showed a failed bullish cloud breakout.   It also closed below the cloud and was going through a pull back now.   We are going to setup for a bearish pull back trade.  The entry is 1404.74, initial stop of 1414.90, and a preserve mode of 1368.82.   This will give us a min. reward of 35.92 and a max. risk of 10.16.   This is over 3:1 reward/risk ratio.   Here is the chart:




We reached our preserve mode and we are now have tightened our stop to protect our profits.   The stop is now 1405.00.


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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