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.

2023	EURUSD	GBPUSD	USDJPY
03 Februari	Wait Technical observation On the 4 hour chat above price has been trading with an increasing bearish bias with the past three consecutive candle, this downwards movement is a correction to the supportive zone 1.0694-1.0711 and I expect a possible rejection within it followed by a rally to the upper si Lebih	Wait for a pullback to the zone 1.1744-1.1714 Technical observation GBP rose to the resistance level 1.2424 but did not break above it, instead it bounced at the same line and since then it has been trading with an increasing bearish bias. I expect a continuation of this downwards momentum to the supportive zone 1.1744-1.1714 followed by eit Lebih	Remain short with your take profit at 123.44 Technical observation USD has been trading on a steady downwards trend as indicated on the channel on the 4 hour chart above, and recently it pulled back to a resistance zone 130.83-131.15 then bounced within it. Right now the pair above is trading with an increasing bearish bias and I expect it t Lebih
02 Februari	Wait for a correction to the level 1.0920 to buy EUR.	We are flat	We are neutral
01 Februari	Sell EUR now within the zone 1.0832-1.0891	Wait for a correction to the zone 1.2278-1.2186	Remain flat temporarily.
31 Januari	Wait	Wait for a pullback to the zone 1.2119-1.2102 to buy GBP.	Sell USD now within the zone 130.81-130.56
30 Januari	Wait for a pullback to buy EUR	Remain flat.	Wait for a correction to the zone 138.92-138.25

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Technical Analysis Based on Breakout

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