USDDKK: ITF CURVE ANALYSIS (5H)✨ USDDKK: ITF CURVE ANALYSIS (5H) ✨ (DOWNTREND)
SLO2 @ 7.0233 ⏳
SLO1 @ 7.0010 ⏳
TP1 @ 6.95344
TP2 @ 6.88402
TP3 @ 6.83853
BLO1 @ 6.82761⏳ (SET AFTER CONFIRMATION)
BLO1 @ 6.80107⏳ (SET AFTER CONFIRMATION)
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BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
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.