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 formed a doji candle last week which is a good sign we will get reversal from here. We can clearly see that price has been in a downtrend for the past few months and it looks like we are ready to make the next lower high to head lower.
On the H4 timeframe we can see that the trend has reversed and broken from an uptrend to a downtrend. We will wait for a retest of the 1.37800 area before looking to load up short opportunities.
On the weekly timeframe we formed a doji candle last week which is a good sign we will get reversal from here. We can clearly see that price has been in a downtrend for the past few months and it looks like we are ready to make the next lower high to head lower.
On the H4 timeframe we can see that the trend has reversed and broken from an uptrend to a downtrend. We will wait for a retest of the 1.37800 area before looking to load up short opportunities.