On June 26, we received an Ichimoku 5 Time frame Buy email alert on the Currency EURCHF for the Forex market. The email alert is shown below:
We setup the trade on the 60m chart. The entry was 1.2274, initial stop of 1.2254, preserve mode of 1.2295, and a target of 1.2349. A target was selected since this was a counter trend trade. The max risk would be 0.0020 and the min. reward to the preserve mode would be 0.0021. This would be a 1:1 min. reward/risk ratio on placing this entry. When we enter, it would improve to over 3:1 i.e. 300%.
We exited the trade at 1.2320 in preserve mode. Later, it did get to our target but we did not re-enter the trade due to the bad reward/risk.
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