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.
Technical observation EUR retraced to the resistance zone 1.0630-1.0617 then bounced within it and since then it has been trading with an increasing bearish bias, today I expect a continuation of this downwards movement and in case you are already holding bearish positions, I recommend that you re
Technical observation GBP has been trading with an increasing bearish bias for several days now and today I anticipate the price to plummet even further downwards. If you already sold this pair within the resistance zone 1.2321-1.2304, remain in the trade with your take profit at 1.2013 and stop-l
Technical observation On the 4 hour chart above, the value of USD has been trading with an increasing bullish bias since it bounced within the supportive zone 144.75-144.56; today the price opened bullish and I expect a continuation of this upwards movement to the resistance level 150.07. If you ar