Ichimoku Japan Stock Trade For The Week Ending August 21, 6305-TSE, HITACHI CONST. MACH. CO., LTD

August 18, We received an Ichimoku 4 time frame Sell Email alert on 6305-TSE, HITACHI CONST. MACH. CO., LTD

Here is the email alert:

6305-TSE alert 120

We used a breakout strategy. We are going to use the 120M time frame to setup the breakout trade.

The entry was 1935.17, initial stop of 2053.34, preserve mode of 1780.47.

The risk is 118.17 and the reward is 154.7  to preserve mode. Reaching to preserve mode, it is a 1:1 reward/risk ratio.

Here is the chart for reference:

6305-TSE - 120 BO

 

 

 

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About the Author Ludovic Chou