On March 21st, 2016, we received an Ichimoku 5 time frame Buy email alert onGKN-LON, GKN for the UK FTSE Stock Market. The email alert is shown below:
We had a multi-time frame support at 285 and most of the other time frames were pointing to a bullish movement. Our entry was 285 with a stop at 284 and a target at 293. Our reward to risk was greater than 3 to 1, which allowed us to take the trade.
Unfortunately we got stopped out on the same bar we entered on.
See chart below for setup….
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