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.
| 2020 | EURUSD | GBPUSD | USDJPY |
| 11 September | Technical observation EUR is still trading with an increasing bullish momentum above a supportive zone 1.1716-1.1689, I expect this bullish movement to continue to the resistance line 1.1989 followed by either a rejection at it or a clear breakout above it with a big green candle. If you bought th | Technical observation GBP is still trading with an increasing bearish momentum below a resistance zone it established around 1.3461-1.3409, I expect this bearish movement to continue to the supportive level 1.2695 followed by either a clear break below it with a big red candle or a rejection at th | Technical observation USD is trading below a resistance zone 106.46-106.39 with an increasing bullish bias. I expect this bullish movement to continue to the above-mentioned zone followed by a clear breakout above it with a big green candle. However, there is still a possibility of a bounce within |
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