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 price has made a new low point. It is likely that we will see a pullback before the market continues to the downside.
On the H4 timeframe we can see that price clearly made a new low and we need a retest before looking for an entry. I am looking for price too retest the 1.32800 level.
On the weekly timeframe we can see that price has made a new low point. It is likely that we will see a pullback before the market continues to the downside.
On the H4 timeframe we can see that price clearly made a new low and we need a retest before looking for an entry. I am looking for price too retest the 1.32800 level.