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.

2019	EURUSD	GBPUSD	USDJPY
26 Juli	Look for sell orders. Technical Observation EURUSD is currently trading in an increasing bearish bias momentum. Despite the spike we saw during the previous trading day, Euro is still in an active downtrend. While the price is below the two simple moving averages, 20 and 52, I expect a steep decline, if you;'re looking Lebih	We're looking for a sell towards 1.23640. Technical Observation GBPUSD is currently trading with an increasing bearish bias momentum. While the price is contained below the two simple moving averages attached, I expect a steep decline towards 1.23640 or even lower. While the price is within the declining shape formation, I recommend looki Lebih	Buy a break above 108.755 towards 110.00 Technical Observation USDJPY is currently trading with an increasing bullish bias momentum. While the price is above the two simple moving averages, I expect a possible momentum to the upperside, we took a buy trade around the previous day's lowest low and is still holding, our expectations is tha Lebih
25 Juli	We're flat	We're neutral	Looking to sell within 108.74-108.58
24 Juli	While the price is below 1.11487, look for long term sell orders.	We're looking for long term sell orders
23 Juli	Look for sell orders towards 1.10251.	Wait for a buy order from within 1.24573-1.24496	Buy from 108.006-107.971 towards 108.355.
22 Juli	Remain neutral	Remain short with your take profit at 1.1533	Remain flat

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Technical Analysis Based on Breakout

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