The 1 hour time frame for the AUDJPY currency is setting up for an Ichimoku bearish pull back trade for the forex market. The yellow line is entry. The red is your max stop which will move. The max risk is 17 pts with a min. reward of 92 pts. This gives us a 5:1 reward/risk i.e 541%. Here is the trade setup:
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EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.
