Aug 22, 2014 04:01:08 AM EST (9 am EST), we received an Ichimoku 5 time sell email alert on the UK (FTSE) stock, CRH Plc. Here is the email alert:
The higher time frames are showing the instrument is still in a long term bearish trend. The 4h time frame showed a failed bullish cloud breakout. It also closed below the cloud and was going through a pull back now. We are going to setup for a bearish pull back trade. The entry is 1404.74, initial stop of 1414.90, and a preserve mode of 1368.82. This will give us a min. reward of 35.92 and a max. risk of 10.16. This is over 3:1 reward/risk ratio. Here is the chart:
We reached our preserve mode and we are now have tightened our stop to protect our profits. The stop is now 1405.00.
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