August 14, We received an Ichimoku 4 time frame Buy Email alert on GWA-ASX, GWA GROUP FPO
Here is the email alert:
We used a pullback strategy because it had a multi time frame support match from lower and higher time frames which gives a higher probability of success and also to keep our risk low. We are going to use the 120M time frame to setup the pullback trade.
The entry was 2873.93, initial stop of 2842.11, preserve mode of 2981.96.
The risk is 31.82 and the reward is 139.85 to preserve mode. Reaching to preserve mode, it is a 4:1 reward/risk ratio. For pullback trades our minimum would be a 3:1 if it is not then we don’t take the trade.
Here is the chart for reference:
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