Ichimoku Forex Trade of the Week 6-14-13 : CADCHF Currency Sell

On June 11, 2013, we received a Ichimoku 6 time frame Forex email sell alert on the current CADCHF.  Here is the email:

 

We setup the trade on the 2h time frame.   This was an aggressive trade since we are trading within a consolidation pattern.   The entry was 0.9133, initial stop of 0.9152, and preserve mode value 0.9033.    This would give us a min. reward of 100 and a max risk of 19.   The reward/risk would be 5:1 i.e 500%+.   Here is the chart setup:

 

We exited the trade at 0.9001 in preserve mode.

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About the Author Manesh Patel