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
18 Maret	We are short at 1.1120 Technical observation Yesterday the value of the pair on the daily chart above rose up to the resistance level 1.1120 as I had anticipated but it could not break above the line and as long as price remains below the same line, I expect a surge to the supportive level 1.0768. My advice, pick short p Lebih	Pick short positions within the zone 1.3203-1.3183 Technical observation Just like EUR, GBP pulled back to a resistance zone 1.3203-1.3183 but could not break above it, instead it bounced below the zone and today I expect price to plummet towards the supportive level 1.2688. My advice, pick short positions now within the zone I have mentioned abov Lebih	We are long towards 119.12 Technical observation On the hourly chart above, price rose above the resistance zone 118.45-118.39 then corrected to the same zone and it was sustained above it. As long as USD remains above the zone I have mentioned above, I expect it to rise towards the level 119.12 followed by either a clear b Lebih
17 Maret	We are flat	Remain neutral	Expecting a rally to 123.23.
16 Maret	Wait	Wait for a correction to sell GBP	We are neutral
15 Maret	We are bearish	Remain neutral	Remain long
14 Maret	Expecting a rally to 1.0768	We are bearish towards 1.2688	Wait

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Technical Analysis Based on Breakout

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