✨EURUSD: ITF CURVE ANALYSIS (12H)✨

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.

Trade active:

🤑 WE'RE IN PROFIT 🤑

🤑 For those who took a risk with this ITF trade we are up +19 pips

📉 As of now, the ITF is still reflective of a DT and I'm still anticipating PA will short

⚠️ Based on the LTF (5m), PA may PB up to 1.1038 before continuing the short

DT = DOWNTREND
ITF = INTERMEDIATE TIME FRAME
LTF = LOW TIME FRAME
PA = PRICE ACTION
PB = PULL BACK
SL = STOP LOSS