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 |
07 Januari | Technical observation This week EUR has been trading with an increasing bearish bias and I expect the current candle to close below the resistance zone 1.1413-1.1375. If you sold this pair within the zone I have mentioned above after a bounce, remain in the trade with your take profit at 1.0697 and | Technical observation Last week, the pair on the chart above rose above the resistance zone 1.3435-1.3354 with a big green candle and right now price is still trading with an increasing bullish bias. However, I expect a loss of this upwards movement followed by a correction to the just broken zone | Technical observation For the past two consecutive weeks USD has been trading with an increasing bullish bias and even broke above a resistance zone 114.81-114.34 with a big green candle, as long as this pair remains above the just broken zone I expect nothing a further surge to the upper side. Ri |
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