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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 and commodities. The analysis seeks to highlight potential breakout setups that can result in higher reward.

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
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Januari

Technical observation In the past hours EUR has been rising steadily towards the key line 1.2323 and I expect a bounce from it followed by a pull back to the key support zone(1.2197-1.2185) to rebuy EUR up to 1.2323 in case price does not retrace to the zone, I expect it to break above the line

Technical observation After hours of rising steadily, GBP is currently rallying above a support line 1.3760 and is now approaching 1.3941.I expect a rejection from the line followed by a retracement to 1.3760 to rebuy GBP towards 1.3941, I also expect price to continue further up and even break o

Technical observation Yesterday USD retraced at a key zone (111.47-111.29) and I currently approaching a support line 110.24, I expect a bounce from the line followed by a pull back to the zone to short USD towards 111.24.if price breaks below the line then ill wait for a retracement to it to con

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