✨ EURCAD: ITF CURVE ANALYSIS (4H) ✨ (DOWNTREND)

✨ EURCAD: ITF CURVE ANALYSIS (4H) ✨
(DOWNTREND)

SLO2 @1.48883 ⏳
SLO1 @ 1.4848 ⏳
TP1 @ 1.47491
TP2 @ 1.46284
TP3 @ 1.45471
TP4 @ 1.43460
BLO1 @ 00.00 ⏳
BLO2 @ 00.00 ⏳

🔑
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT

Intermediate time frames (4 hours to 6 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.