This intermediate curve analysis is reflective of a DOWNTREND
SLO2 @ 1.3000 ⏳
SLO1 @ 1.2725 📉
TP1 @ 1.2200 💰
TP2 @ 1.1750
TP3 @ 1.1425
TP4 @ 1.0915
BLO1 @ 1.0795 ⏳
BLO2 @ 1.0500 ⏳
🔑
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
Intermediate time frames (4 hours to 1 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
SLO2 @ 1.3000 ⏳
SLO1 @ 1.2725 📉
TP1 @ 1.2200 💰
TP2 @ 1.1750
TP3 @ 1.1425
TP4 @ 1.0915
BLO1 @ 1.0795 ⏳
BLO2 @ 1.0500 ⏳
🔑
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
Intermediate time frames (4 hours to 1 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
Professor C. E. Ward
