🔄 EURCAD: Curve Analysis (16H)🔄

(Based on the 1H Curve)

-SL3 @ 1.5045 🚫 (conservative)
-SL2 @ 1.4910 🚫 (moderate)
-SL1 @ 1.4765 🚫 (aggressive)
SLO3 @ 1.4750 ⏳ (suggested by P2P INDi)
SLO2 @ 1.4719 ⏳ (suggested by P2P INDi)
SLO1 @ 1.4695 ⏳
TP1 @ 1.4662
TP2 @ 1.4613
TP3 @ 1.4578
TP4 @ 1.4523
TP5 @ 1.4485
SUPPORT @ 1.4475

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.

🔑
DT = DOWNTREND
ITF = INTERMEDIATE TIME FRAME
PA = PRICE ACTION
SL = STOP LOSS
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
⏳ = PENDING