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
08 Februari	Remain short towards 1.0443. Technical observation This week, EUR has been rallying downwards after a bounce within the resistance zone 1.1519-1.1452 I expect more of this movement next week and several weeks to come, in case you sold this pair within 1.1519-1.1452 in the beginning of the week, you can hold on to that position Lebih	Remain short with your take profit at 1.1990. Technical observation On this last day of trading GBP is still declining steadily towards 1.1990, I sold GBP within the zone 1.3308-1.3199 and i am holding on to that position as I still expect more bearish momentum next week. If you did not sell this pair within 1.3308-1.3199 on the weekly chart Lebih	We're short towards 107.43 Technical observation USD is still rallying downwards and I expect more of this movement towards 107.43, in case you sold this pair within the zone 109.98-109.75 yesterday, you can hold on to that position with your take profit still at 107.43 but if you did not sell it yesterday, you can still se Lebih
07 Februari	We're short towards 1.1102	Remain neutral	Sell USD within 109.98-209.75
06 Februari	Remain short towards 1.1214.	We're flat	Sell USD now
05 Februari	Remain short with your take profit at 1.1214.	Remain flat	We're short within 109.98-109.75
04 Februari	Remain flat temporarily.	Remain flat	Sell USD within 109.98-109.75

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Technical Analysis Based on Breakout

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