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.
Weekly: We have two key levels placed. One of them is at 1.2600 area which is acting as resistance and the other is at 1.2450 and is acting as support. Last weeks candle closing with a wick to the upside so sellers stepped in late at the resistance level. Overall the trend is beginning to slight into an uptrend as we just formed the first HL point after the first HH was formed.
H4: On the Hf timeframe we can map out what a high probability setup would look like. We would wait for the retest of the previous high at the weekly key level. Right around 1.24600 level. Then we will wait for rejection and a lower timeframe break of structure before look to take buy setups.
Weekly: We have two key levels placed. One of them is at 1.2600 area which is acting as resistance and the other is at 1.2450 and is acting as support. Last weeks candle closing with a wick to the upside so sellers stepped in late at the resistance level. Overall the trend is beginning to slight into an uptrend as we just formed the first HL point after the first HH was formed.
H4: On the Hf timeframe we can map out what a high probability setup would look like. We would wait for the retest of the previous high at the weekly key level. Right around 1.24600 level. Then we will wait for rejection and a lower timeframe break of structure before look to take buy setups.