✨ EURCAD: ITF CURVE ANALYSIS (6H) ✨

✨ EURCAD: ITF CURVE ANALYSIS (6H) ✨
(DOWNTREND)

SLO2 @ 1.46536 📉
SLO1 @ 1.46346 📉
TP1 @ 1.46120
TP2 @ 1.44967
TP3 @ 1.43526
BLO1 @ 1.43520 ⏳
BLO2 @ 1.42964 ⏳

🔑
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.