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 |
09 Maret | Technical observation A breakout was seen when the price broke out above (1.2215-1.2184) and is currently above, just now, the price is pulling back to the same zone which had three previous retracements to it .we’re waiting for a clear rebound from this zone to pick long positions with an ultima | Technical observation On the daily chart above, GBPUSD broke above a key resistance zone (1.3791-1.3763).Price retraced to it thrice without breaking below it and using it as a support now. As long as price is above this key support zone (1.3971-1.3763), we expect a bullish price rally towards 1. | Technical observation On the daily chart above,USDJPY has been trading below a key resistance zone (108.14-107.79).Right now, price is rallying below towards it and I expect a rejection of it within or around the zone to sell USD with my take profit at 105.20 and stop loss around 108.63.In case o |
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