As far as I know code is always executed in the order written which is what I am seeing happening in strategies I am creating/testing (big differences in outcome depending on the order/placement of code!) so not sure the TIMEFRAME term would change anything but I could be wrong/hopefully someone else can confirm!
I would say it is read and executed in the order listed. Why is it so important to you? You are not using any of the boolean conditions from the other timeframe into the other one.
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