Ichimoku Japan Stock Trade For The Week Ending August 07, 9532-TSE, OSAKA GAS CO., LTD.

August 07, We received an Ichimoku 5 time frame Buy Email alert on 9532-TSE, OSAKA GAS CO., LTD.

Here is the email alert:

9532-TSE - 120 alert

We used a pullback strategy because it had a multi time frame support match and also to keep our risk low. We are going to use the 120M time frame to setup the pullback trade.

The entry was 502.47, initial stop of 499.08, preserve mode of 515.73.

The risk is 3.39 and the reward is 13.26 to preserve mode. Reaching to preserve mode, it is a 3:1 reward/risk ratio.

Here is the chart for reference:

9532-TSE-120m pb

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About the Author Ludovic Chou