✨ NZDCAD: ITF CURVE ANALYSIS (4D) ✨ (DOWNTREND)
SLO2 @ 0.8475 - TOTALLY LUCKY TRIGGER.... OLD ORDER
SLO1 @ 0.84502 ⏳
SLO1 @ 0.84477 ⏳
SLO1 @ 0.84398 ⏳
SLO1 @ 0.84367 ⏳
SO @ MO (If you're feeling froggy... jump. It's only 25 pips at most to be in DD if it goes up) ⏳
TP1 @ 0.83364
TP1a @ 0.8250
TP2 @ 0.81702
TP3 @ 0.80614
BLO1 @ 0.80352 ⏳ (DO NOT SET!!!!)
BLO2 @ 0.79717 ⏳ (SET PRICE ALERT ONLY!!!!)
🔑
BLO = BUY LIMIT ORDER
DD = DRAWDOWN
ITF = INTERMEDIATE TIME FRAME
MO = MARKET ORDER
SLO = SELL LIMIT ORDER
SO = SELL ORDER
TP = TAKE PROFIT
NOTE: We ate very well on our first posted trade with this pair.... now I'm back for seconds!!! We weren't able to fully get everything this trade had to off but we were able to shave for some profits and close out add-ons before PA came back and hit all of our +SL's. Luckily, it went right back up to our entries and presented us this opportunity to make that profit back and then some...Let's see what it gives
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.