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 we just closed out a weekly candle that completes the candlestick formation three white soldiers. This confirms that buyers have strongly taken advantage in the markets. The next target will be the upper resistance level which is at 1.28000.
On the H4 timeframe price is in a clear uptrend and just found support above our key level. This is the perfect area to buy at we just have to wait for a bullish signal above the 1.26200 area. If price manages to break support and shift below the 1.262000 area then we will be looking to sell this pair.
On the weekly timeframe we can see that we just closed out a weekly candle that completes the candlestick formation three white soldiers. This confirms that buyers have strongly taken advantage in the markets. The next target will be the upper resistance level which is at 1.28000.
On the H4 timeframe price is in a clear uptrend and just found support above our key level. This is the perfect area to buy at we just have to wait for a bullish signal above the 1.26200 area. If price manages to break support and shift below the 1.262000 area then we will be looking to sell this pair.