Ichimoku Japan Stock Trade For The Week Ending July 3, BUY 1801-TSE, TAISEI CORP

July 02, We received an Ichimoku 4 time frame buy Email alert on BUY 1801-TSE, TAISEI CORP.

Here is the email alert:

1801-TSE-120 - pb alert

Because of this email alert I was able to look at this opportunity. We will be using a pull back strategy on the 120M because it has multi time frame support, this gives higher probability that it will hold.

The entry was 718.01, initial stop of 713.15, preserve mode of 738.95.

The risk is 4.86 and the reward is 20.94 to preserve mode. Reaching to preserve mode, it is more than 4:1 reward/risk ratio.

Here is the chart for reference:

1801-TSE-120 - pb

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About the Author Ludovic Chou