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.

2018	EURUSD	GBPUSD	USDJPY
14 Desember	Re-sell EUR at 1.1447 Technical observation EUR is rising towards the resistance level 1.1447 and I expect a bounce at it followed by possible bearish price momentum towards the support level 1.1214 and a breakout below it for a further decline in price. I am waiting for the correction to 1.1447 and a rejection at it to Lebih	We're short towards 1.2082. Technical observation Recently a breakout was seen when price went below a support 1.2698 it then rose steadily towards the just broken line but could not penetrate above it and was rejected. Right now it is rallying on an increasing bearish momentum and I expect a continuation of this momentum tow Lebih	Remain short towards 111.85. Technical observation USD/JPY pulled to the upper side but still closed below the key resistance zone 113.78-113.63.While the price is contained below the above mentioned zone I expect bearish price rally towards 111.85.In case you picked short positions within 113.78-113.63 after a rejection, remai Lebih
13 Desember	Wait for a correction to re-sell	Remain short towards 1.2484.	Remain long
12 Desember	Remain flat	Wait for a correction to 1.2696 to sell GBP.	Remain flat temporarily.
11 Desember	Wait for a correction to 1.1447-1.1412	Pick short positions at 1.2697	Wait for a pullback to 113.23-113.14
10 Desember	Remain flat temporarily.	Remain flat	Remain short

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Technical Analysis Based on Breakout

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