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.
2021 | EURUSD | GBPUSD | USDJPY |
22 Oktober | Technical observation On the weekly chart above, price is trading with an increasing bullish bias between the resistance zone 1.1665-1.1626; I expect either a rejection of this bullish movement within this zone followed by a rally to the lower side, or a breakout above the same zone with a big gr | Technical observation GBP retraced to a supportive zone it established at 1.3572-1.3515 but it could not break below it, price was sustained above the zone and as long as it remains above it you can only expect a surge to the upper side. If you picked long positions within the zone I have mentione | Technical observation USD is trading with an increasing bearish bias above the level 114.07; I expect a loss of this bearish movement at the same line followed by a momentum to the upper side. My advice, remain neutral and wait for a second retracement to the same line and a bounce at it to buy USD |
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