✨ EURUSD: ITF CURVE ANALYSIS (1D) ✨

(DOWNTREND)

SLO2 @ 1.1190 ⏳
SLO1 @ 1.1120 ⏳
SSO2 @ 1.1075 ⏳
SSO1 @ 1.1015 📉
TP1 @ 1.0685
TP2 @ 1.0410
TP3 @ 1.0200
TP4 @ 0.9885
BLO1 @ 0.9805 ⏳
BLO2 @ 0.9625 ⏳

ADDITIONAL INFO:
The above Sell Orders are the four levels I foresee as possibilities from which PA could short from, if it retraces back up

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

Intermediate time frames (4 hours to 1 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.

Trade ativo:

EURUSD: Curve Analysis (15H/5H)/1H
(UPDATE)

SLO4 @ 1.1190 ⏳ (add-on)
SLO3 @ 1.1120 ⏳ (add-on)
SLO2 @ 1.1075 ⏳ (add-on)
SSO @ 1.1015 📉

— Based on the curve of the 1H chart, the current technical analysis for the EURUSD is bearish.

— It is possible that the price could continue to move higher before overbought conditions are alleviated.

— If the price opens/closes above 1.0970, it would be a sign of further bullish strength — up to our SZ1 (5H/1h) or SZII (15h/1h)

If the price opens/closes below 1.0888, it would be a sign of a major breakdown and could lead to a deeper decline.