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.
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25 - 29
#FTSE100 weekly Technical observation The commodity on the weekly chart above is trading with an increasing bearish momentum above a supportive zone 6530.0-6467.1. I expect a loss of this bearish movement within the zone mentioned above for a surge to the upper side. My advice, remain flat temp
Technical observation The pair on the chart above rose and broke above a zone 1.2171-1.2160; it then retraced to the zone but could not break below it. Right now EUR is trading with an increasing bullish bias within the zone mentioned above and I expect it to rally upwards to the resistance line 1
Technical observation On the daily chart above, price is trading with an increasing bearish momentum above a supportive zone it established at 1.3400-1.3352; my expectation is a loss of this bearish movement within the zone mentioned above for a rally to the upper side. My advice, remain flat temp
Trade recommendation USD did not rally downwards as I had predicted, instead, it rose and broke above the zone 103.68-103.63 and is currently trading with an increasing bearish momentum above it. I expect a loss if this downwards movement within the zone mentioned above for a possible rally to the