Ichimoku Forex Trade of the Week 3-22-13 : AUDCAD Currency

On March 19, 2013, we received an Ichimoku 5 Time Frame Buy Email alert on the Currency AUDCAD for the Forex Market.   The email is shown below:

To keep our risk low, we setup for a 2h chart.   The entry was 1.0633, initial max risk of 1.0621, and a min. potential reward of 1.0668.   This is a initial max risk of 12 pips and a min. potential reward of 35 pips.   This is close to a 3:1 reward/risk ratio.   Here is the chart:

 

We entered the Pull back trade and exited at 1.0681 in preserve mode.

 

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About the Author Manesh Patel