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 weekly timeframe we are still within our two key levels. Price last week formed a doji candle which signifies reversal. It looks like we could continue with the bullish trend that has been going on for the last few months. Price point 1.25900 is the buy area of support
On the H4 timeframe we will be looking for technical patterns near the level of support that is marked in red. If price manages to show a break of structure or pattern at the support level then we will look for long opportunities with targets coming from the weekly timeframe. If we see a break of the support level then we will look for short opportunities.
On the weekly timeframe we are still within our two key levels. Price last week formed a doji candle which signifies reversal. It looks like we could continue with the bullish trend that has been going on for the last few months. Price point 1.25900 is the buy area of support
On the H4 timeframe we will be looking for technical patterns near the level of support that is marked in red. If price manages to show a break of structure or pattern at the support level then we will look for long opportunities with targets coming from the weekly timeframe. If we see a break of the support level then we will look for short opportunities.