BLO = BUY LIMIT ORDER HTF = HIGH TIME FRAME PA = PRICE ACTION SLO = SELL LIMIT ORDER TP = TAKE PROFIT
NOTE: Our BLO has triggered but further analysis shows a potential area of interest between 0.5575 to 0.5546. Due to market conditions, PA might not make it back down to this area. However, if it does, I have a set up there to grab an deeper entry for this long term trade. Let's see what happens.
Long-term time frames (1 week to 1 year):
— Shows the big picture, revealing major trends and economic factors. — Less volatile, price movements are slower and smoother. — Suitable for long-term trend trading and position trading. — Requires less frequent monitoring but may offer fewer trading opportunities.
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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.