Technical Analysis Based on Breakout

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.

2023	EURUSD	GBPUSD	USDJPY
25 Agustus	We are short towards 1.0632. Technical observation This week the value of the pair on the chart above has been trading with an increasing bearish bias for several weeks now and it is still showing signs of declining even further. If you are already holding short positions with this pair, I recommend that you remain in the tra Lebih	Wait for a pullback to the zone 1.4137-1.4250 Technical observation On the chart above the price has been is retracing to the resistance zone it established at 1.4137-1.4250 however this week it rallied to the lower side, this bearish movement is a slight movement to the lower side and next week I anticipate bullish movements of price. My ad Lebih	Remain long with your take profit at 151.83. Technical observation On the weekly chart above, USD has been rising steadily for several weeks now and I still expect a further momentum to the upper side. If you picked bullish positions within the zone 128.11-127.08, I recommend that you remain bullish with your take profit at 151.83 and stop-l Lebih
24 Agustus	Wait	Remain bullish	Remain long towards 146.55
23 Agustus	Remain short towards 1.0540	Wait for a correction to the zone 1.4137- 1.4250	We are long towards 151.83.
22 Agustus	We are flat	Remain long	We are long bullish towards 151.97
21 Agustus	Remain bullish	Expecting a rally towards 1.2306.	we are bullish toward 146.65..

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Technical Analysis Based on Breakout

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