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 entering a level of support where we previously saw price surge to the upside. I am anticipating another reversal from this level
On the H4 timeframe once we see a break of resistance at the 1.7400 level that is when we will wait for the first HL and take bu opportunities. If price reject the 1.74000 level again then we will look for sells.
On the weekly timeframe we are entering a level of support where we previously saw price surge to the upside. I am anticipating another reversal from this level
On the H4 timeframe once we see a break of resistance at the 1.7400 level that is when we will wait for the first HL and take bu opportunities. If price reject the 1.74000 level again then we will look for sells.