GBPCAD: ITF CURVE ANALYSIS (12H) - DOWNTREND

2024年7月3日

✨ GBPCAD: ITF CURVE ANALYSIS (12H) ✨ (DOWNTREND)

SLO2 @ 1.75699 ⏳
SSO1 @ 1.74981 ⏳ (SET AS AN SSO - let price pass before setting)
TP1 @ 1.73613
TP1a @ 1.7266
TP2 @ 1.71618
TP3 @ 1.7031
BLO1 @ 1.6996 ⏳
BLO2 @ 1.69233 ⏳

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BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
PA = PRICE ALERT
SLO = SELL LIMIT ORDER
SSO = SELL STOP ORDER
TP = TAKE PROFIT

NOTE: This pair is currently in an overall uptrend. However, the ITF (intermediate timeframe) shows us in a downtrend PB (pullback). For the professional trader, you know how to navigate this dilemma. For all else, ask your questions and I'll do my best to respond in a timely manner. Position size appropriately if you plan to take advantage of the opportunity.

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.

2024年7月11日

註釋

PA on this one has pulled back to our entries at SLO1 & 2 but I believe I see the hope of a PB on this trade to get some profits prior to this pair going long for a long time. Anticipatory -SL has been hit but I'm still holding to and currently reevaluating. Stay tuned.

2024年7月17日

註釋

YOU CAN'T WIN THEM ALL......BUT

I know we'll have another opportunity to bag some profits on this pair soon. I'll be reanalyzing and presenting my findings after a bit. Stay tuned.