On October 21st, 2015, we received an Ichimoku 4 time frame Buy email alert on CPG-LON, COMPASS GROUP for the UK FTSE Stock Market. The email alert is shown below:
The 1hr breakout strategy provided the best reward/risk, so we took the trade off of that time frame. Our entry was 1084, stop at 1064 and target of 1105. Our reward/risk was greater than 1 to 1 so we could enter this trade.
CPG has been going down since April 2015, the daily chart has now turned bullish and could start a new bullish trend.
See chart below for setup….
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