traddictiv

GBPCAD 4h AutoUFOs™ Trade Alert! 07 May 2019

Long
OANDA:GBPCAD   British Pound / Canadian Dollar
Execution:
Buy Limit @ 1.7525
Protective Stop Loss @ 1.7480
Take Profit @ 1.7650
Rationale:
Buy Un-Filled Orders (Green UFO ) available in the 4h time-frame
Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing
Boosting Options:
Higher time-frame 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

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