NZDUSD: ITF CURVE ANALYSIS (8H) - DOWNTREND
✨NZDUSD: ITF CURVE ANALYSIS (8H) ✨ (DOWNTREND)
SLO4 @ 0.63439 ⏳(LOW POTENTIAL)
SLO3 @ 0.62919 ⏳
SLO2 @ 0.62886 ⏳
SLO1 @ 0.62689 ⏳
SSO1 @ 0.62587 - TRIGGERED
SSO2 @ 0.62508 - TRIGGERED
SLO3 @ 0.6240 - TRIGGERED
TP1 @ 0.61929
TP2 @ 0.60484
TP3 @ 0.59538
BLO1 @ 0.59310⏳ (✨NEW✨- TANDEM ORDER - PAY ATTENTION)
NOTE: IF PA gets to TP2 before triggering any of the above SLO's, they we will ALL be null and void on any RT or PB unless new info presents itself. If this occurs, I'll present a new buy opportunity to work alongside the HTF long position currently running. See "NZDUSD: HTF CURVE ANALYSIS (9D) - UPTREND" post for further details. Happy trading all.
🔑
BLO = BUY LIMIT ORDER
HTF = HIGH TIMEFRAME
ITF = INTERMEDIATE TIME FRAME
PB = PULLBACK
RT = RETRACEMENT
SLO = SELL LIMIT ORDER
SSO = SELL STOP 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.
SLO4 @ 0.63439 ⏳(LOW POTENTIAL)
SLO3 @ 0.62919 ⏳
SLO2 @ 0.62886 ⏳
SLO1 @ 0.62689 ⏳
SSO1 @ 0.62587 - TRIGGERED
SSO2 @ 0.62508 - TRIGGERED
SLO3 @ 0.6240 - TRIGGERED
TP1 @ 0.61929
TP2 @ 0.60484
TP3 @ 0.59538
BLO1 @ 0.59310⏳ (✨NEW✨- TANDEM ORDER - PAY ATTENTION)
NOTE: IF PA gets to TP2 before triggering any of the above SLO's, they we will ALL be null and void on any RT or PB unless new info presents itself. If this occurs, I'll present a new buy opportunity to work alongside the HTF long position currently running. See "NZDUSD: HTF CURVE ANALYSIS (9D) - UPTREND" post for further details. Happy trading all.
🔑
BLO = BUY LIMIT ORDER
HTF = HIGH TIMEFRAME
ITF = INTERMEDIATE TIME FRAME
PB = PULLBACK
RT = RETRACEMENT
SLO = SELL LIMIT ORDER
SSO = SELL STOP 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.
Note
Morning all,
TP1 is secured and in the bank!!! We were able to grab only 1 of our SLO before PA moved in our favor as anticipated. 4 orders were triggered on this trade, 3 remain running strong. We took profit on the lowest SSO and have a +SL for all remaining orders. Time to let this one play out with zero risk. Enjoy...
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