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 we formed a spinning top candle. We are still consolidating between the 0.68500 level and the 0.67000 level. It looks like we could continue to see a reversal to the upside here.
On the H4 timeframe we had a huge move upwards into the key level followed by rejection. I am looking for price to move back into the upper level before either rejecting or breaking through
On the weekly timeframe last week we formed a spinning top candle. We are still consolidating between the 0.68500 level and the 0.67000 level. It looks like we could continue to see a reversal to the upside here.
On the H4 timeframe we had a huge move upwards into the key level followed by rejection. I am looking for price to move back into the upper level before either rejecting or breaking through
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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.