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.

2022	EURUSD	GBPUSD	USDJPY
21 Oktober	Wait for a correction to the zone 1.0367-1.0320 Technical observation On the daily chart above, price is trading with an increasing bearish bias slightly above the supportive level 0.9536, however, I expect a loss of this downwards movement followed by a correction to the resistance zone 1.0367-1.0320. My advice, remain neutral and wait for a pu Lebih	We are short towards 1.0363 Technical observation GBP retraced to a resistance zone it established at 1.1483-1.1410 then bounced within it and since then it has been trading with an increasing bearish bias, as long as the value of the pair above is sustained below the zone I have mentioned above, I expect a possible further Lebih	Remain long Technical observation USD has been on a steady upwards trend for several days now and there is still a possibility of price ascending further. If you picked long positions within the supportive zone 140.88-140.33 after a bounce, you can pick your profits now at the resistance level 150.43. Howeve Lebih
20 Oktober	Remain bearish towards 0.9549	Expecting a rally to 1.0886	We are bullish towards 150.20
19 Oktober	Wait for a correction to the zone 1.0742-1.0696	Remain neutral temporarily.	We are neutral.
18 Oktober	Remain short with your take profit at 0.9549	We're short	Remain long
17 Oktober	Remain flat.	Expecting a surge towards 1.0363	We are neutral.

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Technical Analysis Based on Breakout

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