We are looking for a swing trade so I will utilize the weekly and 4 hour timeframes to make my decisions. On the weekly timeframe we look for three things in particular which are our key levels, patterns and candlestick analysis. On the 4 hour timeframe we focus on using most of our technicals which is including fibonacci, support and resistance , supply and demand zones, market structure, candlestick analysis etc.
On the daily timeframe we have identified a key level at 50k zone. Price has rejected this area multiple times so we will be looking to see how it reacts once it reaches this zone again.
On the h1 timeframe timeframe we will need to see a breakdown of structure before entering on this pair. If price manages to break above 50k then we will reanalyze and look for long positions
On the daily timeframe we have identified a key level at 50k zone. Price has rejected this area multiple times so we will be looking to see how it reacts once it reaches this zone again.
On the h1 timeframe timeframe we will need to see a breakdown of structure before entering on this pair. If price manages to break above 50k then we will reanalyze and look for long positions