On Feb 11, 2013, we received an Ichimoku Buy 4 Time Frame Email alert for the NZDCAD currency in the Forex Market. With the markets in a consolidation pattern, there were not many 5,6, or 7 time frame opportunities. Here is the email alert:
Due to the consolidation pattern and to keep risk low, we did a pull back trade on the 4h time frame. The entry was 0.8384, initial stop of 0.8355, and a preserve move value of 0.8494. This would give us a max risk of 0.0029 and a min. reward of 0.0079. The trade was a 2.7:1 reward/risk ratio i.e. 270%. Here is the chart setup:
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
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