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 the weekly timeframe we are looking for price to show a pullback considering how last week ended. There is a spring top candle at a support level so we can assume price is ready for some sort of reversal.
On the H4 timeframe we have mapped out market structure and can see that LH’s and LL’s were being formed before breaking to end last week. No we will look to see if price respects the demand zone at 0.69800 level and pushes to the upside.
On the weekly timeframe we are looking for price to show a pullback considering how last week ended. There is a spring top candle at a support level so we can assume price is ready for some sort of reversal.
On the H4 timeframe we have mapped out market structure and can see that LH’s and LL’s were being formed before breaking to end last week. No we will look to see if price respects the demand zone at 0.69800 level and pushes to the upside.