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
15 Maret	Remain flat Technical observation On the daily chart above, price is rallying between a resistance zone 1.1551-1.1520 and a support 1.1213, I expect either a correction to the zone or a decline to 1.1213 followed by a breakout below it.In case of a correction to 1.1551-1.1520, wait for a rejection within it t Lebih	We're flat Technical observation Yesterday GBP went down as predicted, price is still declining and I expect more of this bearish momentum today towards the key supportive level 1.2698 and a possible breakout below it for a further decline in price towards the key line 1.2080. If you sold this pair yesterda Lebih	We're flat Technical observation USD is trading on an increasing bullish momentum towards a key resistance line 112.63, I expect a rise to the line and a rejection at it for bearish momentum towards the zone 109.99-109.76.Remain flat and wait for the rise to 112.63 then you can sell this pair at it after a b Lebih
14 Maret	Buy EUR within 1.1322-1.1316	Remain short within your take profit at 1.2698	Remain flat temporarily.
13 Maret	Sell EURUSD from 1.13107.	Buy GBPUSD towards 1.32929.	Buy US Dollar with your take profit at 114.00
12 Maret	Sell EurUsd From 1.12845, stoploss above last week's highest high	Buy GBPUSD from 1.31844 take profit at 1.32925.	Buy the USDJPY from 111.204
11 Maret	Remain flat temporarily.	We're flat	Remain flat .

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Technical Analysis Based on Breakout

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