GBPCHF: ITF CURVE ANALYSIS (16H) - UPTREND

✨ GBPCHF: ITF CURVE ANALYSIS (16H) ✨ (UPTREND)

BLO1 @ 1.1155 ⏳
BLO2 @ 1.1133 ⏳
MO @ 1.1162 - TRIGGERED
TP1 @ 1.1250
TP1a @ 1.1315 (Secret TP)
TP2 @ 1.1405
TP3 @ 1.14698
TP4 @ 1.1500
SLO1 @ 1.1505⏳
SLO2 @ 1.15224⏳

NOTE: I'm anticipating a small PB between 1.1180 & 1.1209 to at least BLO1 before this one takes off. Tight -SL at 1.1107 as this pair can swing hard. However, for the brave, MO long.

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BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
MO = MARKET ORDER
PB = PULLBACK
-SL = NEGATIVE STOP LOSS
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.