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 the market made a push below the 0.68300 level which resulted in a retracement last week to retest. Based on how the candle close we are seeing rejection already from the key level that is highlighted which means once price breaks structure on the lower timeframe that we should be expecting a reversal to the downside targets which could be all the way near 0.6500 area.
On the h4 timeframe we already have a trade lined up. There is a break of structure at the 0.67900 level and it was retested to then be rejected.
On the weekly timeframe we can see that the market made a push below the 0.68300 level which resulted in a retracement last week to retest. Based on how the candle close we are seeing rejection already from the key level that is highlighted which means once price breaks structure on the lower timeframe that we should be expecting a reversal to the downside targets which could be all the way near 0.6500 area.
On the h4 timeframe we already have a trade lined up. There is a break of structure at the 0.67900 level and it was retested to then be rejected.