USDSGD: ITF CURVE ANALYSIS (17H) - DOWNTREND⨠USDSGD: ITF CURVE ANALYSIS (17H) ⨠(DOWNTREND)
SLO2 @ 1.36505 β³
SLO1 @ 1.36106 β³
TP1 @ 1.35344
TP2 @ 1.34233
TP3 @ 1.33505
BLO1 @ 1.33331β³
BLO2 @ 1.32906β³
π
BLO = BUY LIMIT ORDER
CP = CURRENT PRICE
ITF = INTERMEDIATE TIME FRAME
MO = MARKET ORDER
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
DISCLAIMER NOTE: There are a couple of options with this trade. This analysis is the most safe and conservative. However, there may be an opportunity for a short term long from CP as a MO (1.3505) or at approximately around 1.3490 with a TP1 of 1.3610 (R:R of 6:1) & TP2 of 1.3645 (R:R of 7.5:1).....This is just an analysis NOT a solicit to engage in any trade. You assume sole risk if you decide to take any trade. As a professional, I know how to navigate this potential opportunity. Just sharing an idea.
Intermediate time frames (4 hours to 6 day):
β Offer a clearer picture of the underlying trend compared to short-term frames.
β Provide more opportunities for confirmation signals and technical analysis.
β Allow for more flexible trading schedules, trades can be held overnight.
β Suitable for swing traders and some positional traders.