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 last week closed with a large bullish candle completely engulfing several weeks of price action. We are hovering at a key level of resistance and should be bullish overall on this.
On the h4 timeframe if price breaks the 153.00 level price most likely will tumble down to the 152.00 area. We are taking buys above 153.00 and sells below
On the weekly timeframe last week closed with a large bullish candle completely engulfing several weeks of price action. We are hovering at a key level of resistance and should be bullish overall on this.
On the h4 timeframe if price breaks the 153.00 level price most likely will tumble down to the 152.00 area. We are taking buys above 153.00 and sells below
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.