July 01, We received an Ichimoku 5 time frame sell Email alert on 7762-TSE, CITIZEN HOLDINGS CO., LTD.
Click on image for the email alert:
As you can see there are many time frame that has an ichimoku bearish strategy happening. We have chosen with 240M for a quicker trade and it has multi time frame matching resistance so a pull back strategy was used to limit our risk. The higher time frames are also all bearish which gives a higher probability of success.
The entry was 879.59, initial stop of 887.30, preserve mode of 846.89.
The risk is 7.71 and the reward is 32.7 to preserve mode. Reaching to preserve mode, it is 4:1 reward/risk ratio.
Click on image for reference:
The entry was triggered on the 2nd and got stopped out on the 5th then went straight to our preserve mode. Not every trade that we do would be a winner, the important thing is to follow your plan and execute it with limited risk. Learn to embrace your losses.
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