Oct 6, 2014 07:56:10 AM EST, we received an Ichimoku 5 time frame Buy Email alert on the AUDNZD Currency for the forex market. Here is the email alert:
So we took the 30 m pull back. We need a 3 to 1 reward risk and we have that. Entry is 1.1200, stop is 1.1192. Our preserve mode is 1.1226. Now the timing is the key. The last bar had a shake out. This was a good sign that this trade had a high probability to work. So the next bar (8:30 am) was the next bar to go in on. So even if you took the 8 am bar you still could have entered on the next bar. Lets take a look at the chart.
as you can see we reached out target before it reversed.
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