WHR, MCD: SP500 6 Timeframe Ichimoku Email Alert for the week ending June 17

WHR SP500 6 Timeframe Ichimoku Email Alert for the week ending June 24.  On June 22, we received a 6 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

2206_6TF_WHR_PB_Alert

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a Bullish Pullback Trade on a 30m time frame provided by eSignal.   Here is the chart setup:

2206_6TF_WHR_PB

WHR has MTF at  2hr, 1hr, 30m and 10m time frames. We will need to set the target at 3:1 reward risk ratio.  Entry is 178.05, Initial stop is 177.44. However, our next resistance that is the target is at 180.41, which is a 3:1. The Pull back was  triggered on June 22 at 1300hrs and it reached our target on June 23 at 0930hrs.

 

MCD SP500 6 Timeframe Ichimoku Email Alert for the week ending June 24.  On June 23, we received a 6 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

2306_6TF_MCD_PB_Alert

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a Bearish Breakout Trade on a 60m time frame provided by eSignal.   Here is the chart setup:

 

2306_6TF_MCD_PB

We will need to set the preserve mode at 1:1 reward risk ratio. Entry is 119.66, Initial stop is 122.56 MCD’s next support level is at 118.79, which does not gives us a 1:1 reward risk ratio. The trade was not taken as it violates my trading rule.

 

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com

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About the Author Eric Chai