EURTRY: ITF CURVE ANALYSIS (20H) - (DOWNTREND)

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✨ EURTRY: ITF CURVE ANALYSIS (20H) ✨ (DOWNTREND)

SLO @ 35.21465 ⏳
SSO @ 34.40061 ⏳
TP1 @ 32.85099
TP2 @ 30.58958
TP3 @ 29.10757
BLO1 @ 28.75192⏳

🔑

BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
SLO = SELL LIMIT ORDER
SSO = SELL STOP ORDER
TP = TAKE PROFIT

DISCLAIMER: Normally when PA is at its ATH or ATL, we prefer not to trade that pair. In this case, I'm taking a calculated and intentional risk on this trade for the swap advantage and potential for reward. THIS IS NOT FOR EVERYONE. I'm just posting to track for my own personal reference with a very, VERY conservative order position size.

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.

Nota
This one has gotten a bit away from me and I forgot to check back in on it. However, I have a particular threshold for this specific trade and am currently allowing it to work itself out until I have confirmation that this is a small loss. Will await until that time and communicate that if I get there.
Beyond Technical AnalysisFundamental AnalysisMultiple Time Frame Analysis

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