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 can see that last week formed a bearish engulfing candle. This lines up exactly with the 61.8% level. We are expecting price to push down from this level back into the 1.32500 level.
On the h4 timeframe we are looking for a retest of the 1.35800 level before price pushes lower. We will look for entries around this area which is the previous support level that was broken.
On the weekly timeframe we can see that last week formed a bearish engulfing candle. This lines up exactly with the 61.8% level. We are expecting price to push down from this level back into the 1.32500 level.
On the h4 timeframe we are looking for a retest of the 1.35800 level before price pushes lower. We will look for entries around this area which is the previous support level that was broken.