✨GBPJPY: ITF CURVE ANALYSIS (22H/4H) ✨ (DOWNTREND)

SLO2 @ 192.33 ⏳
SLO1 @ 186.488 - TRIGGERED (w/+SL)
SSO @ 180.55 ⏳
TP1 @ 171.464
TP2 @ 151.496
TP3 @ 138.412
TP4 @ 135.75
BLO1 @ 135.269 ⏳ (Place price alert)
BLO2 @ 127.636 ⏳

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BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
+SL = POSITIVE STOP LOSS
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.