Execution:
Sell Limit @ 122.45
Protective Stop Loss @ 122.85
Take Profit @ 120.05
Rationale:
Sell Un-Filled Orders (Red UFO) available in the D time-frame
Buy Un-Filled Orders (Green UFO) further below 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
Sell Limit @ 122.45
Protective Stop Loss @ 122.85
Take Profit @ 120.05
Rationale:
Sell Un-Filled Orders (Red UFO) available in the D time-frame
Buy Un-Filled Orders (Green UFO) further below 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