Ichimoku UK FTSE Stock Trade for the Week ending May 29, 2015: BNZL-LON, Bunzl

On May 29, 2015, we received an Ichimoku 4 time frame buy email alert on BNZL-LON, Bunzl for the UK FTSE Stock Market. The email alert is shown below:

BNZL52915

The 4hr pullback has multiple time frame support around 1891, so that would be the entry. The stop will be 1881 and the preserve mode 1921.  The higher time frames suggest that this stock will get to and break the previous high set in February 2015. The risk is 10 and the reward 30, therefore our reward/risk to preserve mode is 3:1.  See chart below for setup…

UKbnzl5-29-15

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

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 cannot 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.

 

 

 

About the Author Maneshkumar Patel