✨ GBPCHF: ITF CURVE ANALYSIS (16H) ✨ (CTT - DOWNTREND)
SLO2 @ 1.12126 ⏳
SLO1 @ 1.11632 ⏳ (DO NOT SET - MAKE AN SSO!!)
*****IF 1.11226 IS BROKEN, THE LOWER SLO's WILL BE CLOSED*****
SLO3 @ 1.1120 ⏳
SLO2 @ 1.1110 ⏳
SLO1 @ 1.11058 ⏳
TP1 @ 1.10691 - TRIGGERED
TP2 @ 1.09319
TP3 @ 1.0860
BLO1 @ 1.0850⏳
BLO2/BSO @ 1.0840⏳ (DEBATING IF I SHOULD MAKE THIS A BSO.....)
BLO3 @ 1.0820⏳
BLO4 @ 1.0800⏳
NOTE: CHALLENGE ACCEPTED - EVERYONE CAN THANK SAMEER!!! LOL. THIS IS A BIT OF A TRICKY ON AS PA HAS BEEN HITTING AGAINST THE LTF MIDPOINT & A MINOR RESISTENCE LEVEL. FIRST OF ALL, KNOW THAT THIS IS A CTT (COUNTER TREND TRADE), HIGHLY DANGEROUS AND ONLY FOR OBSERVATION UNLESS YOU'RE A PROFESSIONAL. MY ANALYSIS HAS RETURNED A POTENTIAL OF PA NOT GOING PAST 1.11226 (YELLOW LINE) BEFORE THIS TRADE WORKS OUT. WITH THAT SAID, I HAVE AN ADDITION TRADE I'LL BE PRESENTING TO THE UPSIDE FOR THIS PAIR IF ALL WORKS OUT AS I'M ANTICIPATING. CURRENTLY, IF PA RESPECTS MY ANALYSIS, THE R:R ON THIS TRADE IS 16:1 - (WITHOUT 1.11226 BEING BROKEN). TP1 HAS ALREADY BEEN TRIGGERED, HOWEVER, IF PA DOESN'T WHAT I ANTICIPATE, WE WILL HAVE ANOTHER OPPORTUNITY TO BANK IT AGAIN. LET'S SEE WHAT SHAKES OUT.....
🔑
BLO = BUY LIMIT ORDER
BSO = BUY STOP ORDER
CTT - COUNTER TREND TRADE
ITF = INTERMEDIATE TIME FRAME
PA = PRICE ACTION
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.
SLO2 @ 1.12126 ⏳
SLO1 @ 1.11632 ⏳ (DO NOT SET - MAKE AN SSO!!)
*****IF 1.11226 IS BROKEN, THE LOWER SLO's WILL BE CLOSED*****
SLO3 @ 1.1120 ⏳
SLO2 @ 1.1110 ⏳
SLO1 @ 1.11058 ⏳
TP1 @ 1.10691 - TRIGGERED
TP2 @ 1.09319
TP3 @ 1.0860
BLO1 @ 1.0850⏳
BLO2/BSO @ 1.0840⏳ (DEBATING IF I SHOULD MAKE THIS A BSO.....)
BLO3 @ 1.0820⏳
BLO4 @ 1.0800⏳
NOTE: CHALLENGE ACCEPTED - EVERYONE CAN THANK SAMEER!!! LOL. THIS IS A BIT OF A TRICKY ON AS PA HAS BEEN HITTING AGAINST THE LTF MIDPOINT & A MINOR RESISTENCE LEVEL. FIRST OF ALL, KNOW THAT THIS IS A CTT (COUNTER TREND TRADE), HIGHLY DANGEROUS AND ONLY FOR OBSERVATION UNLESS YOU'RE A PROFESSIONAL. MY ANALYSIS HAS RETURNED A POTENTIAL OF PA NOT GOING PAST 1.11226 (YELLOW LINE) BEFORE THIS TRADE WORKS OUT. WITH THAT SAID, I HAVE AN ADDITION TRADE I'LL BE PRESENTING TO THE UPSIDE FOR THIS PAIR IF ALL WORKS OUT AS I'M ANTICIPATING. CURRENTLY, IF PA RESPECTS MY ANALYSIS, THE R:R ON THIS TRADE IS 16:1 - (WITHOUT 1.11226 BEING BROKEN). TP1 HAS ALREADY BEEN TRIGGERED, HOWEVER, IF PA DOESN'T WHAT I ANTICIPATE, WE WILL HAVE ANOTHER OPPORTUNITY TO BANK IT AGAIN. LET'S SEE WHAT SHAKES OUT.....
🔑
BLO = BUY LIMIT ORDER
BSO = BUY STOP ORDER
CTT - COUNTER TREND TRADE
ITF = INTERMEDIATE TIME FRAME
PA = PRICE ACTION
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.
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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.
Disclaimer
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.