This intermediate curve analysis is reflective of a DOWNTREND
SLO2 @ 1.1190 β³
SLO1 @ 1.1015 π
TP1 @ 1.0685
TP2 @ 1.0410
TP3 @ 1.0200
TP4 @ 0.9885
BLO1 @ 0.9805 β³
BLO2 @ 0.9625 β³
π
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
Intermediate time frames (4 hours to 1 day):
β Offer a clearer picture of the underlying trend compared to short-term frames.
β Provide more opportunities for confirmation signals and technical analysis.
β Allow for more flexible trading schedules, trades can be held overnight.
β Suitable for swing traders and some positional traders.
SLO2 @ 1.1190 β³
SLO1 @ 1.1015 π
TP1 @ 1.0685
TP2 @ 1.0410
TP3 @ 1.0200
TP4 @ 0.9885
BLO1 @ 0.9805 β³
BLO2 @ 0.9625 β³
π
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
Intermediate time frames (4 hours to 1 day):
β Offer a clearer picture of the underlying trend compared to short-term frames.
β Provide more opportunities for confirmation signals and technical analysis.
β Allow for more flexible trading schedules, trades can be held overnight.
β Suitable for swing traders and some positional traders.
Professor C. E. Ward
