$UK Stock Market Trade of the Week $PFC-LON 5 time frame buy. On March 29, we received a 5 Time frame Ichimoku Buy Email alert for PFC-LON, Petrofac Limited. Here is the email alert received.
Our trading plan only allows us to trade Strategy #4. We wanted to use a lower timeframe to limit our risk. Below is the 60m chart provided by eSignal March 29.
The FTSE is making new high’s so we want to take low risk trades and since the chart shows a bullish setup with black square IMTF™ support in the setup zone so we place a pullback order at the IMTF™ level of 913.676.
Below is the result:
We got to preserve mode and finally exited the trade at 937. This is almost a 4:1 reward/risk ratio.
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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