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 crypto we are looking at the Daily and 1 Hour timeframes to take trades when they are ready.
On the weekly timeframe we are testing a key level of support and could see a reversal from here. Last weeks candle closed with a long wick towards the bottom so we are looking for reversals on the lower timeframe now.
On the H4 timeframe we would have to see a clear break of resistance at the 1.33500 area before wee wait for the first HL to form in order two enter.
On the weekly timeframe we are testing a key level of support and could see a reversal from here. Last weeks candle closed with a long wick towards the bottom so we are looking for reversals on the lower timeframe now.
On the H4 timeframe we would have to see a clear break of resistance at the 1.33500 area before wee wait for the first HL to form in order two enter.