Ichimoku Japan Stock Trade For The Week Ending September 25, 5 time frame Sell 8002-TSE, MARUBENI CORP

September 10, We received an Ichimoku 5 time frame Sell Email alert on 8002-TSE, MARUBENI CORP.

Here is the email alert:

8002-TSE-120m pb

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 652.70, initial stop of 658.45, preserve mode of 633.50.

The risk is 5.75 and the reward is 19.2 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:

8002-TSE-120mpb

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About the Author Ludovic Chou