USDCAD: ITF CURVE ANALYSIS (5D/12H) - DOWNTREND

✨ USDCAD: ITF CURVE ANALYSIS (5D/12H) ✨ (DOWNTREND)

SLO2 @ 1.40354 ⏳
SLO1 @ 1.4020 ⏳
MO @ 1.4000 - TIRGGERED (FOR THE BRAVE)
SSO1 @ 1.38219 ⏳
TP1 @ 1.34155
TP2 @ 1.30740
TP3 @ 1.28224
TP4 @ 1.24338
TP5 @ 1.2150 (Secret TP)
BLO1 @ 1.23404 ⏳ (DO NOT SET - ALLOW PA TO PASS/THEN SET AS BSO)
BLO2 @ 1.21137 ⏳

🔑

BLO = BUY LIMIT ORDER
BSO = BUY STOP ORDER
ITF = INTERMEDIATE TIME FRAME
MO = MARKET ORDER
PA = PRICE ACTION
SLO = SELL LIMIT ORDER
SSO = SELL STOP ORDER
TP = TAKE PROFIT

NOTE: This pair owes me money.... angry trade. FOR VIEWING PURPOSES ONLY.....LOL

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.