This is a trend following analysis using a breakout entry formation that generally has the greatest results. This analysis is good for 4H trading, but can also be used on almost all time frames and on all pairs. Basically, this analysis is based on breakout and certain forms of reversals. The analysis seeks to highlight potential breakout setups that can result in higher reward. To ensure consistent successful trades, the trader should exercise some degree of patience and wait for the perfect set up to execute trades. There’re are several types of breakouts, I only focus on two types of breakouts, trend line breakout and double top/triple top/ bottom breakout. Even with the two, I only trade double top/ triple bottom breakout most of the times and trend line breakout at some other times. Double top/Triple top/ bottom breakout is more dependable and reliable than the other. Note, trend line breakout includes also breaks that occur out of various shapes such as wedges, channels, triangles, and all the other shapes part from rectangles. Below are the simple sketches of some of the breakout setups I’ll be focusing on.
Technical observation For the past two consecutive weeks EUR has been trading with an increasing bearish bias and also since the beginning of this week, it has continued with the same trend. I expect a continuation of this bearish movement to the supportive zone 1.1665-1.1626 followed by either a
Technical observation On the weekly chart above, price is trading with an increasing bearish bias within a supportive zone it established at 1.3661-1.3599, my expectation is a loss of this bearish rally within the same for a surge to the upper side, or a clear penetration below the same zone with
Technical observation On the chart above, price is trading with an increasing bearish bias slightly above a supportive zone 107.84-107.46, this bearish movement is a correction to the zone I have mentioned above and I expect it to continue to the same zone followed by a rejection within it for a mo