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 Februari	Remain short towards 1.0444. Technical observation Just as I predicted last week, this pair declined this week too and I still expect more of this movement next week towards the support level marked at 1.0444.If you picked short position within the resistance zone 1.1542-1.1457 after a bounce, you can hold on to that position Lebih	Wait for a correction to 1.2833 to sell GBP. Technical observation After several days of rallying above a support 1.2833, yesterday, GBP went down the key level and is currently rallying below it, I expect a correction to the just broken line followed by a bounce at it for possible bearish momentum towards the line 1.2540.You can wait for th Lebih	Wait for a correction to 109.99-109.76 to buy USD. Technical observation USD is correcting itself significantly to the lower side to the zone 109.99-109.76 and as long it remains above this zone we expect a possible momentum to the upper side. As it is on the daily chart above, you can wait for the correction to the above mentioned zone for a clea Lebih
14 Februari	Wait for a correction to 1.1330-1.1324 to sell EUR.	Wait for a correction to 1.3060-1.3043	Remain flat
13 Februari	Wait for a correction to 1.1324 to buy EUR.	Remain flat	Wait for a correction to 109.99-109.76 to buy USD.
12 Februari	Wait for a correction to 1.1314 to sell EUR.	Remain flat	Wait for a correction to 109.99-107.76 to buy USD.
11 Februari	Remain short with your take profit at 1.0437.	We're short towards 1.1990.	Sell USD within 109.99-109.76

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Technical Analysis Based on Breakout

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