Ichimoku Japan Stock Trade for the Week May 25, 2015: 2502-TSE ASAHI GROUP HOLDINGS LTD

May 19, 2015, We received an Ichimoku 4 time frame Buy Email alert on 2502-TSE ASAHI GROUP HOLDINGS LTD. Here is the email alert:

japan

Here we have an opportunity to do a break out or a pull back trade on the 120M time frame with strategy 4. Decided to take the pullback trade because there was a multiple time frame support and to keep our risk low.

The entry will be 3994.75, initial stop of 3969.93, preserve mode of 4118.68.

The risk is 24.82 and the reward is 123.93 to preserve mode. Reaching to preserve mode, it is at 4:1 reward/risk ratio.

Here is the chart for reference:

2502-TSE -ASAHI GROUP HOLDINGS - 120M-PB
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About the Author Ludovic Chou