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
06 April	Buy EURUSD Technical observation Instead of moving up as predicted yesterday,EURUSD retraced perfectly to the support zone (1.2243-1.2201) and is currently within it, I would advise you buy EUR now with your take profit at 1.2555 and stop loss around 1.2127,I expect a rallying in price towards my take profi Lebih	We're long Technical observation Yesterday instead of moving up,GBPUSD corrected to the key line perfectly and is currently at it.I expect bullish movements of price towards the key line 1.4273 and a breakout above it followed by a further rise in price. If price does not move up and instead breaks down bel Lebih	Short USD Technical observation USDJPY retraced at a resistance zone (107.68-107.33) yesterday and was rejected , currently it is showing signs of bearish movements towards 104.68 or even a breakout below it for a further decline in price towards the lower key line 100.14,I would advise you short USD now w Lebih
05 April	Buy EUR now	Remain flat	Short USD
04 April	Long EUR	Remain long	Short USD
03 April	Remain flat temporarily.	Buy GBP now	Wait for a correction
02 April	Wait for a correction (1.2243-1.22201) to buy EUR	Wait for a pullback to (1.3718-1.3580) to buy GBP.	Remain flat temporarily.

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Technical Analysis Based on Breakout

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