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
14 Oktober	We are neutral temporarily Technical observation USD broke above the level 145.90 and it is currently trading with an increasing bullish bias above it, however, I expect a loss of this upwards movement followed by a correction to the supportive level indicated above. My advice, remain neutral and wait for a correction to th Lebih	Sell GBP within 1.1474-1.1427 Technical observation On the chart above, price is trading with an increasing bullish bias slightly below the resistance zone 1.1474-1.1427 and my expectation is a further rise to this zone followed by either a rejection of price within it or a clear break above it with a big green candle. My advi Lebih	Wait Technical observation USD broke above the level 145.90 and it is currently trading with an increasing bullish bias above it, however, I expect a loss of this upwards movement followed by a correction to the supportive level indicated above. My advice, remain neutral and wait for a correction to th Lebih
13 Oktober	Remain short	We are neutral.	Remain long
12 Oktober	Expecting a rally to 0.9537	we are bearish towards 1.0888	Wait
11 Oktober	Remain neutral.	we are flat	Wait for a correction to the zone 132.10-131.43
10 Oktober	Expecting a surge to 0.9537	Remain bearish towards 1.0883	Wait

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Technical Analysis Based on Breakout

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