Ichimoku Singapore Trade Setup : 4 time frame buy on J69U-SES, Fransersct

Today, we received an Ichimoku 4 time frame buy on the Singapore Stock J69U-SES, Frasersct.   Here is the email alert:

weekly_singapore_stock_9_9_14_email

We are in a consolidation pattern so we are going to keep our risk low and setup for a pull back trade on the 120m time frame.   The entry will be 1.965, initial stop of 1.956, and a preserve mode value of 2.000.  This would give us a min. reward of 0.035 and a max risk of 0.009.   This would give us a 3:1 reward/risk ratio.   Here is the chart setup

weekly_singapore_stock_9_9_14_chart

 

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About the Author Manesh Patel