TGT SP500 7 Timeframe Ichimoku Email Alert for the week ending Sept 2. On AUG 29, 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 240/60/30 iMTF support @71.08, which is also our entry. Initial stop is 71.32. Our target will be the pivot high @ 70.07. Now, the reward risk ratio was a 3:1, hence we took the trade as it did fit our trade plan. It reached our target on the 31st Aug.
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