ProfessorCEWard

πŸ”₯ GBPZAR: Curve Analysis (6W) πŸ”₯

Short
OANDA:GBPZAR   GBP/ZAR
SLO2 @ 24.40 ⏳
SLO1 @ 23.90 ⏳
TP1 @ 20.15
TP2 @ 17.75
TP3 @ 16.00
TP4 @ 13.25
BLO @ 12.50 ⏳

ADDITIONAL INFO:
πŸ€” If this HTF Curve Analysis holds on this 3H chart, then we'll have an opportunity to short

πŸ† POSITION TRADERS: +45.70% or 111,500 pip OPPORTUNITY (max)‼️

✍️ NOTE: Each TP is a POC where we expect market participation to switch from being supported by buyers to being resisted by sellers β€” USE THESE LEVELS AS SLOs or SSOs for your add-ons.

πŸ”‘
LTF = LOW TIME FRAME
PA = PRICE ACTION
POC = POINT OF CONTROL
SLO = SELL LIMIT ORDER
SSO = SELL STOP ORDER
TP = TAKE PROFIT

Short-term time frames (1-minute to 3 hour):

β€” Highly volatile, price movements can be fast and unpredictable.

β€” Suitable for day trading and scalping, but require constant monitoring and quick decision-making.

β€” Not ideal for beginners due to the risk and stress involved.

Professor C. E. Ward
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