$UK Stock Market Trade of the Week $CPG-LON 5 time frame buy opportunity. On April 26, we received a 5 Timeframe Ichimoku Buy Email alert for CPG-LON, Compass Group PLC. Here is the email alert received.
Our trading plan allows us to trade Strategy #4. We chose the trade the 240 minute timeframe. Below is the chart provided by Esignal.
With CPG making reaching its all time high we wanted to keep our risk low. As we had IMTF™ resistances at 1523.74 and 1517.19 we setup a pullback trade at these values with a target value of 1540.16 giving us a reward/risk ratio of 3:1. We entered the trade shortly after. Here is the result.
We got to our target and exited with a profit.
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 can not 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.