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.

2020	EURUSD	GBPUSD	USDJPY
14 Februari	We're short towards 1.0788 Technical observation This week, EUR has been trading on an icreasing bearish momentum and I expect this downwards movement to continue to the supportive level 1.0788 followed by a clear breakout below it. If you sold this pair within the resistance zone 1.1181-1.1151 after a rejection, remain sho Lebih	Flat Technical observation On the weekly chart above, price is trading between a supportive level 1.2553 and a resistance zone 1.3342-1.3281. My expectation is either a correction to the above-mentioned zone or a decline to the level 1.2553 followed by a clear penetration below it. In case of a correct Lebih	Buy USD within 109.74-109.62 Technical observation Yesterday USD corrected itself to a supportive zone it established around 109.74-109.62. I expect a loss of this bearish price rally within the zone followed by a rise to the level 111.00. However, Should there be no rejection within the zone 109.74-109.62 but a clear penetra Lebih
13 Februari	Wait for a correction	We're neutral	long towards 111.00
12 Februari	Short towards 1.0788	We're flat	Still long
11 Februari	Remain short	We're flat	We're long towards 111.00
10 Februari	Wait for a correction	Sell GBP within 1.2984-1.2948	We're long within 109.75-109.62

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Technical Analysis Based on Breakout

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