ITW SP500 7 Timeframe Ichimoku Email Alert for the week ending Feb 24. On Feb 22, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com. Here is the email alert:
Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a iMTF Bullish Pull Back Trade on a 60m time frame provided by eSignal. Here is the chart setup:
There is a 240/120/60/30 iMTF Resistance@129.47, which is also our entry. Initial stop is 129.10. Our target will be the pivot High @ 130.91. Now, the reward risk ratio was a 3:1, hence we decide to take the trade as it did fit our trade plan. The trade has been triggered on the 22 Feb and hit our target on the 24 Feb.
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