SGDJPY: ITF CURVE ANALYSIS (1D) - DOWNTREND (WEALTH TRADE)

✨ SGDJPY: ITF CURVE ANALYSIS (1D) ✨ (DOWNTREND)

SLO2 @ 119.75 ⏳
SLO1 @ 117.713 ⏳
TP1 @ 104.10
TP2 @ 96.60
TP2a @ 94.55 (Secret TP)
TP3 @ 91.076
TP4 @ 82.542
BLO1 @ 80.492⏳ (DO NOT SET....YET)

NOTE: There still some room for this to go up before getting to our zone. Patience on this trade to activate is key. However once in, position size appropriately to get the most from securing entry and add-ons.

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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.