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 |
| 25 April | Technical observation On the weekly chart above EUR has been declining since the beginning of the week and I still expect more on this bearish price rally next week, if you went short within the resistance zone 1.1528-1.1457 hold on to that position with your take profit at the key line 1.0444 and | Technical observation GBP rose to the line 1.2960 and was rejected at it before declining to a support 1.2898, currently price is above the line and I expect either another correction to 1.2960 and a bounce at it to re-sell GBP or a clear break below the line 1.2898 followed by a correction to it | Technical observation Yesterday we expected bullish momentum towards the line 112.66 but USD only rose for some hours before declining towards the zone 111.76-111.69, right now it is trading above the zone on an increasing bearish momentum and I expect a loss of this movement within the zone for po |
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