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 are in a clear downtrend with the potential to head even lower. We just formed a retracement and are now nearing resistance levels that can send us to new lows.
On the H4 timeframe we are in a clear uptrend and there is no reason to believe this thing won’t head higher. The next resistance level that I have is the 1.38400 area.
On the weekly timeframe we are in a clear downtrend with the potential to head even lower. We just formed a retracement and are now nearing resistance levels that can send us to new lows.
On the H4 timeframe we are in a clear uptrend and there is no reason to believe this thing won’t head higher. The next resistance level that I have is the 1.38400 area.