SGDJPY: ITF CURVE ANALYSIS (1D) - CTT UPTREND✨ SGDJPY: ITF CURVE ANALYSIS (1D) ✨ (UPTREND - CTT)
BLO1 @ 115.10 ⏳
BLO2 @ 114.95 ⏳
-SL @ 114.60
TP1 @ 115.95
TP2 @ 116.50
TP3 @ 117.50
SLO1 @ 117.93⏳
NOTE: Let's see if we can make some quality profit/pips on this rise to the upside before it begins its drop. If my analysis is correct, then we should see a PB down to the BLO's I've suggested. THIS IS A CTT (COUNTER TREND TRADE)! I'm using professional analysis, along with a tight -SL that's well within my R:R and position allotment for such a trade. If PA continues from current price & hits the zone prior to pulling back, this trade is void and I'll just stick with the short! Let's see how this plays out .....
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BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
PA = PRICE ACTION
-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.
