✨GBPUSD: ITF CURVE ANALYSIS (12H)✨

This intermediate curve analysis is reflective of a DOWNTREND

SLO @ 1.2780 📉
SLO @ 1.2700 📉
TP1 @ 1.2555 💰
TP2 @ 1.2430
TP3 @ 1.2335
TP4 @ 1.2200
BLO1 @ 1.2160 ⏳
BLO2 @ 1.2075 ⏳

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BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
SLO = SELL LIMIT 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.