Ichimoku Forex Trade of the Week 4-19-13 : AUDNZD Currency

Posted on April 24th, 2013 by

On April 16, 2013, we received a 4 time frame Ichimoku forex email sell on AUDNZD currency. The email is shown below.

We setup the chart for a 2h time frame.   The entry was 1.2256, initial stop of 1.2271, and preserve mode value of 1.2198.   This would give us a max risk of 0.0015 and a min. reward of 0.0058.   This would give us a min. reward/risk of 3.8:1 i.e. 386%.  The chart is shown below:

The trade was stopped out for a profit at the preserve mode value of 1.2198.

 

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