Ichimoku UK FTSE Stock Trade for the Week ending October 9th, 2015: BNZL-LON, BUNZL plc

On September 30th, 2015, we received an Ichimoku 4 time frame buy email alert on BNZL-LON, BUNZL plc for the UK FTSE Stock Market. The email alert is shown below:

1012015BNZL

We took the 4hr breakout trade as that cleared the resistances on the 2hr, 4hr and D.  Our entry was 1794.071, our stop 1734.225 and our target 1874.961.  Our reward risk on entry was greater than 1 to 1, so we were able to enter the trade.

See chart below for setup….

10102015BNZL

 

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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