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 have broken below a key level of support. The 1.2500 area was holding as a support zone for a few weeks so the fact that we broke below this zone is significant. Ideally we wait for a retest of this zone before heading lower.
On the H4 timeframe we can use our volume session tools to see that there is a significant sell zone marked in orange. I will not taking any buys until price breaks above this sell zone. If price begins to show rejection of this zone then we will look too short the pair. If it breaks above and retests the is when we will go long.
On the weekly timeframe we have broken below a key level of support. The 1.2500 area was holding as a support zone for a few weeks so the fact that we broke below this zone is significant. Ideally we wait for a retest of this zone before heading lower.
On the H4 timeframe we can use our volume session tools to see that there is a significant sell zone marked in orange. I will not taking any buys until price breaks above this sell zone. If price begins to show rejection of this zone then we will look too short the pair. If it breaks above and retests the is when we will go long.