tradewithufos
Short

USDJPY 1h AutoUFOs™ Trade Alert! 31 March 2020

OANDA:USDJPY   U.S. Dollar / Japanese Yen
Basic Approach:
-Short Entry @ 108.65
-Protective Stop Loss @ 109.05
-Take Profit @ 108.25
Rationale:
-Sell Un-Filled Orders (Red UFO ) available in the 1h time-frame
-Buy Un-Filled Orders (Green UFO ) further below 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

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They are many ways on how to trade, but prices would not move unless Un-Filled Orders (UFOs) get filled.
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Disclaimer:
We do not provide investment advice, nor provide any personalized investment recommendations and/or advice in making a decision to trade. Before you start trading, please make sure you have considered your entire financial situation, including financial commitments and you understand that trading is highly speculative and that you could sustain significant losses.

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