Basic Approach: -Long Entry @ 1.2225 -Protective Stop Loss @ 1.2170 -Take Profit @ 1.2280 Rationale: -Buy Un-Filled Orders (Green UFO ) available in the 1h time-frame -Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing Boosting Options: -Trade in the direction set by the overall Market Environment -Select Take Profit Targets located at a reasonable/achievable distance -Higher time-frame key price points such as moving average values or Fibonacci retracements coinciding with the entry price -Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO -Apply Trade Management techniques to lock in profits once the trade begins moving in the right direction
-------- They are many ways on how to trade, but prices would not move unless Un-Filled Orders (UFOs) get filled. Join our YouTube Channel ‘tradewithufos’ and be notified of upcoming live trading sessions.
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