🆕 NZDUSD: CURVE ANALYSIS 🆕
(Based on the 11H Chart)
SLO2 @ 0.6199 ⏳
SLO1 @ 0.6163 📉
SSO @ 0.6138 ⏳
TP1 @ 0.6093
TP2 @ 0.6035
TP3 @ 0.5992
TP4 @ 0.5925
BLO1 @ 0.5909 ⏳
BLO2 @ 0.5871 ⏳
ADDITIONAL INFO:
✍️ As anticipated, it appears we have a downtrend
🤑 Currently, our SLO has triggered and we're in profit +20 pips
🔑
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
SLO = SELL LIMIT ORDER
SSO = SELL STOP ORDER
TP = TAKE PROFIT
This is an Intermediate Time Frame trade (4 hours to 6 day):
— Offers a clearer picture of the underlying trend compared to short-term frames.
— Provides more opportunities for confirmation signals and technical analysis.
— Allows for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
SLO2 @ 0.6199 ⏳
SLO1 @ 0.6163 📉
SSO @ 0.6138 ⏳
TP1 @ 0.6093
TP2 @ 0.6035
TP3 @ 0.5992
TP4 @ 0.5925
BLO1 @ 0.5909 ⏳
BLO2 @ 0.5871 ⏳
ADDITIONAL INFO:
✍️ As anticipated, it appears we have a downtrend
🤑 Currently, our SLO has triggered and we're in profit +20 pips
🔑
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
SLO = SELL LIMIT ORDER
SSO = SELL STOP ORDER
TP = TAKE PROFIT
This is an Intermediate Time Frame trade (4 hours to 6 day):
— Offers a clearer picture of the underlying trend compared to short-term frames.
— Provides more opportunities for confirmation signals and technical analysis.
— Allows for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
Professor C. E. Ward
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Professor C. E. Ward
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.