On August 4th, 2015, we received an Ichimoku 5 time frame buy email alert on DTE.D-CHX, Deutsche Telekom AG for the German Stock Market. The email alert is shown below:
We are waiting for our 4hr Kijun Sen pullback trade to trigger. Our entry is 16.75, our stop 16.60 and our target is 17.28. Reward to risk ratio is 3.5 : 1. There is some weakness on the weekly chart that could cause the price to dip below the 16 level. So if this trade fails, price will most likely get below 16.
See chart below for setup…
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