🆕 NZDUSD: CURVE ANALYSIS 🆕

(Based on the 11H Chart)

SLO2 @ 0.6199 ⏳
SLO1 @ 0.6163 📉
SSO @ 0.6138 ⏳
TP1 @ 0.6093
TP2 @ 0.6035
TP3 @ 0.5992
TP4 @ 0.5925
BLO1 @ 0.5909 ⏳
BLO2 @ 0.5871 ⏳

ADDITIONAL INFO:
✍️ As anticipated, it appears we have a downtrend

🤑 Currently, our SLO has triggered and we're in profit +20 pips

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

This is an Intermediate Time Frame trade (4 hours to 6 day):

— Offers a clearer picture of the underlying trend compared to short-term frames.

— Provides more opportunities for confirmation signals and technical analysis.

— Allows for more flexible trading schedules, trades can be held overnight.

— Suitable for swing traders and some positional traders.