This intermediate curve analysis is reflective of a DOWNTREND
SLO2 @ 1.1033 ⏳
SLO1 @ 1.0975 📉
TP1 @ 1.0860
TP2 @ 1.0760
TP3 @ 1.0685
TP4 @ 1.0575
BLO1 @ 1.0545 ⏳
BLO2 @ 1.0480 ⏳
🔑
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.