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.

2023	EURUSD	GBPUSD	USDJPY
09 Juni	We are bearish towards 1.0515 Technical observation On the chart above, the price retraced to the resistance zone 1.0798-1.0786 but could not break above it, instead it bounced within the same zone and currently it is trading with an increasing bearish bias. As long as the price is sustained below the zone i have mentioned ab Lebih	We are flat Technical observation GBP is trading with an increasing bullish bias between the supportive zone 1.2207-1.2190 and a resistance level 1.2657, however, expect a loss of this upwards movement followed by a retracement to the zone I have indicated above. My advice , remain neutral and wait for a pull Lebih	Wait for a correction Technical observation USD is trading with an increasing bearish bias slightly above the supportive zone 137.70-137.36 and I expect it to decline and bounce within the same zone. My advice, remain flat and wait for a correction to the zone I have mentioned above then buy a bounce within it with yo Lebih
08 Juni	Expecting a momentum towards 1.0403	Wait	Wait
07 Juni	Expecting further bearish movements	We are bearish	Remain long
05 Juni	We are short	Remain bearish	Wait

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Technical Analysis Based on Breakout

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