British Pound / Swiss Franc
Long
Updated

GBPCHF: ITF CURVE ANALYSIS (6D) (UPTREND)

78
BLO @ 1.07488 ⏳
TP1 @ 1.13888
TP2 @ 1.19500
TP3 @ 1.24496
TP4 @ 1.31198
SLO1 @ 1.33059 ⏳
SLO2 @ 1.3500 ⏳

🔑
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
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.
Note
We've hit TP1 on this trade and are anticipating hitting TP2 before the turbulence happens. However, I'm analyzing again currently as there may be some current levels that will cause a PB. Will try to update as time permits.

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