Friday at market close, we received a Ichimoku 6 time frame Forex sell on the currency GBPNZD. Here is the email alert:
There is conflict among all the time frames so we are going to setup a pull back trade to keep the risk low. The 4h chart was setup with an entry of 1.9188, initial stop of 1.9252, preserve mode of 1.8993, and a target of 1.8879. This would give us a max risk of 0.0064 and a min. reward to preserve mode of .0195. The min. reward/risk ratio would be 3:1 i.e. 300%. Here is the chart setup:
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