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
10 Januari	Sell Eurusd towards 1.10716 Technical Observation Yesterday, nothing much happened on This pair, the pair closed barely a few points from its opening price this is a possible indication that the price could be stalling for sometimes. So I do recommend remaining flat for sometimes but expect a possible continuation to the lowe Lebih	Wait for a possible long term sell order around 1.30945 Technical Observation On this chat The Killers to focus on include 1.32842, 1.31 9047 1.31393 1.309045 1.30498 and a 1.2994. Yesterday,gbpusd spiked massively to the lower side and even attempted a break below 61.8% fib level, However the price ended up closing above the same level, as it is now, Lebih	Place a pending sell limit order around 109.682. Technical Observation USDJPY is currently approaching a major daily high 110 9.582. This is also a very good resistance, and while the price does not clearly break above this level , this is a very good sell place so as it is now, the prices continue to the upper side, we expect further momentum to Lebih
09 Januari	Sell EURUSD from 1.11298 with your take profit at 1.10975.	Have a pending sell limit order around 61.8& fib level.	Remain long towards 109.690.
08 Januari	Sell a break below 1.11339 towards 1.10689.	Wait	Wait for a sell from 108.751 with your take profit at 107.839.
07 Januari	Wait	Sell GBPUSD with your take profit at 1.2916.	Sell USDJPY now with your take profit at 100.00.
06 Januari	Sell eurusd towards 1.1010.	Sell GBPUSD with your take profit at 1.2915.	Remain short with an ultimate target at 105.00

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Technical Analysis Based on Breakout

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