AUDUSD: ITF CURVE ANALYSIS (400min) - UPTREND✨ AUDUSD: ITF CURVE ANALYSIS (400min) ✨ (UPTREND)
BLO1 @ 0.64716 ⏳
BLO2 @ 0.64546 ⏳
TP1 @ 0.65633
TP2 @ 0.67142 (I'd TP at 0.6700 based on HTF analysis, IJS)
TP3 @ 0.68189
TP4 @ 0.69803
TP5 @ 0.7025
SLO1 @ 0.7045 ⏳
SLO2 @ 0.71139 ⏳
NOTE: Potential entry modification (may be an early entry but we'll see if the is it before the big move out. BLO at 0.6492 - PA set!
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BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
PA = PRICE ALERT
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.