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 |
| 14 Mei | Technical observation On the 4 hour chart above, price is trading with an increasing bullish bias between a supportive zone 1.2001-1.1993 and a resistance level 1.2181. I expect either a rise to the level 1.2181 or a decline to the supportive zone mentioned above. In case price rallies upwards and | Technical observation GBP pulled back to a supportive level it had established at 1.4001 but did not break below it, price bounced at the line and is currently trading with an increasing bullish bias. I expect this upwards movement to continue to the upper resistance level 1.4236 followed by eithe | Technical observation On the 4 hour chart above, USD rose and bounced below a resistance line 109.89. It is currently trading with an increasing bearish and I expect this downwards movement to continue to the supportive zone 108.43-108.35. Right now as it is on the chart above, remaining neutral w |
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