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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.

2017 EURUSD GBPUSD USDJPY
09
Juni

Technical Observation Despite the UK elections resultes, EUR declined only slightly to the lowerside but is currently rallying above a key 4 hour support line 1.1164. On the 4 our chart above, I expect a rejection from both the supportive trendline and the support line 1.1164 to long EUR towards 1

Technical Observation Following the release of the UK's Elections, GBP gaped below the ascending channel and even below a key daily support line 1.2747. This is a clear bearish dominance signal, and unless there's a clear bullish breach above this support line with a big green candle, i expect a

Technical Observation The UK Elections results failed to trigger a major move in this pair. Rather, USD rose slightly upwards and could still be rising today. I expect further upward move towards the now resistance line 110.70 from where I've placed a ending sell limit. A clean breakout above this

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