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
12 April	We're long towards 1.1359 Technical observation Yesterday, price did not rise to the line 1.1359 as predicted but instead corrected to the supportive zone 1.1262-1.1255 and could not penetrate below it, it was contained and is now rallying steadily towards the line 1.1359, I expect bullish price movements to the line follo Lebih	We're neutral Technical observation On the weekly chart above, GBP has been rising towards the key zone 1.3425-1.3313, I expect a close of this candle below the zone followed by further bullish rally towards the above mentioned zone next week and a rejection within it for downwards movement if price. Remain fla Lebih	We're short within 112.05-111.85 Technical observation USD is rallying below a key resistance zone 112.05-111.85 on an increasing bullish momentum and I expect a loss of this movement within the zone for possible bearish price rally towards the key line 109.75.My advice, wait for a bounce within the zone to sell USD with your take Lebih
11 April	Remain long with your take profit at 1.1359	We're flat	Wait for a correction to 111.29-111.24 to sell USD
10 April	Buy EUR now within 1.1262-1.1255	We're flat	Wait for a correction to sell USD.
09 April	Sell EUR now within 1.1267-1.1261	Remain flat	Buy USD within 111.29-111.24
08 April	Remain flat	Wait for a correction to sell GBP	Remain flat temporarily.

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Technical Analysis Based on Breakout

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