May 19, 2015, We received an Ichimoku 5 time frame Buy Email alert on 7201-TSE, NISSAN MOTOR CO., LTD. Here is the email alert:
Here we have an opportunity to do a pull back trade on the 120M time frame. We took pullback trade because there was a multiple time frame support and to keep our risk low.
The entry will be 1266.53, initial stop of 1258.33, preserve mode of 1290.07.
The risk is 8.2 and the reward is 23.54 to preserve mode. Reaching to preserve mode, it is close to 3:1 reward/risk ratio.
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