TGT SP500 7 Timeframe Ichimoku Email Alert for the week ending Sept 2. On AUG 29, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com. Here is the email alert:
Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a iMTF Bullish Pull Back Trade on a 60m time frame provided by eSignal. Here is the chart setup:
There is a 240/60/30 iMTF support @71.08, which is also our entry. Initial stop is 71.32. Our target will be the pivot high @ 70.07. Now, the reward risk ratio was a 3:1, hence we took the trade as it did fit our trade plan. It reached our target on the 31st Aug.
If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com
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