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
11 Februari	Wait Technical observation This week EUR has been retracing to the zone 1.1413-1.1375 it had previously risen above and I expect a loss of this bearish rally within the same followed by a surge towards the resistance level 1.1881, however, I would advise that you wait for a second retracement to the sam Lebih	We are long Technical observation GBP has been trading with an increasing bullish bias as I predicted at the beginning of the week and I expect it to continue further upwards towards the key level 1.4239. If you picked long positions within the zone 1.3435-1.3354 after a bounce, remain in the trade with your Lebih	Bullish towards 123.23 Technical observation On the weekly chart above price has been trading with an increasing bullish bias since the beginning of the week and I expect it to close bullish. Next week i anticipate a further surge to the upper side to the resistance level 123.23; at this level price can either break abo Lebih
10 Februari	Looking to buy within 11.1369-1.1346	Expecting a surge to the level 1.3157	Expecting a rally to 112.73
09 Februari	Wait	Sell a bounce within 1.3610-1.3881	Sell USD within 115.59-115.41
08 Februari	We are neutral	We are long towards 1.4239	Pick long positions within 114.15-113.67.
07 Februari	Wait for a correction to the zone 1.1369-1.1346	Expecting a rally to 1.2688	Sell USD within 115.60-115.34

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Technical Analysis Based on Breakout

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