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GBPCHF: ITF CURVE ANALYSIS (6D) (UPTREND)

Long
OANDA:GBPCHF   British Pound / Swiss Franc
BLO @ 1.07488 ⏳
TP1 @ 1.13888
TP2 @ 1.19500
TP3 @ 1.24496
TP4 @ 1.31198
SLO1 @ 1.33059 ⏳
SLO2 @ 1.3500 ⏳

πŸ”‘
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT

Intermediate time frames (4 hours to 6 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.

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