September 10, We received an Ichimoku 4 time frame Sell Email alert on 1332-TSE, NIPPON SUISAN KAISHA, LTD
Here is the email alert:
We used a pullback strategy because it had a multi time frame resistance 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 369.00, initial stop of 374.38, preserve mode of 350.20.
The risk is 5.38 and the reward is 18.80 to preserve mode. Reaching to preserve mode, it is a 3:1 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: