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
09 September	Sell EUR now within the zone 1.0105-1.0090 Technical observation Just as I predicted yesterday, EUR retraced to the resistance zone it established at 1.0105-1.0090 and it is currently trading within this zone with an increasing bullish bias, however, I expect a loss of this upwards movement followed by a momentum to the lower side. I would Lebih	We are neutral. Technical observation With the past three consecutive candles GBP has been trading with an increasing bullish bias and I expect a further rally to the upper side towards the resistance zone 1.1841-1.1855, the anticipated upward movements is a correction to the zone indicated above and I expect a r Lebih	Wait Technical observation Since it bounced at the resistance level 144.81 USD has been trading with an increasing bearish bias and today I expect a continuation of this downwards movement towards the supportive level 139.86.As it is on the chart above, I would recommend that you remain neutral and wai Lebih
08 September	Place a pending sell limit order within 1.0105-1.0090	Remain flat.	Wait for a correction to the level 140.28
07 September	We are neutral.	Expecting a pullback to the zone 1.1841-1.1855	Looking to buy at 143.06
06 September	Wait for a correction to the level 1.0411	Remain neutral.	Wait
05 September	Wait for a correction to sell EUR	We are flat.	expecting a correction to 135.80-135.50

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Technical Analysis Based on Breakout

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