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
14 Juli	We are flat Technical observation This week the value of the pair on the chart above has been trading with an increasing bullish bias and I expect it to close bullish. Next week I anticipate a further surge to the upper side to the resistance zone 1.1467-1.1415 followed either a clear break above it with a bi Lebih	Place a pending sell limit order within zone 1.3356-1.3279 Technical observation GBP is trading with an increasing bullish bias slightly below the resistance zone 1.3356-1.3279, this upwards movement is a correction to the zone indicated above and I expect a possible rejection within it followed by a surge to the lower side. My advice, place a pending sel Lebih	We are neutral Technical observation Last week USD traded with an increasing bearish bias and this week it is continues to plummet further with a big red candle, I expect the current candle to close bearish and for the price to descend further in the coming weeks towards the supportive zone 128.11-127.08. If the Lebih
13 Juli		Wait for a correction to the level 1.2847	Remain flat
12 Juli	Sell EUR within the zone 1.1048-1.1075	Wait for a correction to the zone 1.2669-1.2609	We are flat
11 Juli	We are neutral	Wait for a correction to the zone 1.3356-1.3279	We are bullish towards 151.83.
10 Juli	Remain bullish	Wait	Wait for a correction to the zone 138.93-138.64

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Technical Analysis Based on Breakout

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