USDSGD: ITF CURVE ANALYSIS (11H) - DOWNTREND

✨ USDSGD: ITF CURVE ANALYSIS (11H) ✨ (DOWNTREND)

SLO2 @ 1.3517 ⏳
SLO1 @ 1.3435 - TRIGGERED
SSO @ 1.33573
TP1 @ 1.30517
TP2 @ 1.27948
TP3 @ 1.26056
TP4 @ 1.2500 (MAY CLOSE ALL ORDERS HERE-WILL WATCH PA ONCE TRIGGERED)
TP5 @ 1.23150
BLO1 @ 1.2485⏳(BASED ON HTF)
BLO1 @ 1.22432⏳(BASED ON ITF)

NOTE: ONCE PA BREAKS THROUGH THIS SUPPORT I'VE IDENTIFIED, I'LL USE CAUTION AFTER TP4 SINCE THE 5W IS SHOWING A DECENT DZ THAT PA COULD PLAY IN TO CREATE THE REVERSAL TO THE UPSIDE.

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BLO = BUY LIMIT ORDER
DZ = DEMAND ZONE
HTF = HIGH TIMEFRAME
ITF = INTERMEDIATE TIME FRAME
PA = PRICE ACTION
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.