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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20 - 24
#Ebay weekly Technical observation The commodity on the weekly chart above has been trading on an upward momentum with retracements at the supportive zone it established around 36.75-35.85, last week the value of this shares rose and I still expect more bullish rally this week towards the resis
Technical observation EUR is trading on an increasing bearish momentum between a resistance zone 1.1521-1.1457 and a support 1.0838, I expect bearish price rally towards the support followed by a clear penetration below it and a correction to it for downwards movements of price.Wait for a clear br
Technical observation Since its rejection within the zone 1.3428-1.3308, GBP has been declining steadily towards a supportive level 1.2567 and I still expect more of this bearish rally this week followed by either a breakout below the support and a correction to it or a bounce at it followed by an
Technical observation USD is trading on an increasing bullish momentum between a resistance zone 114.76-114.30 and a support 106.11, my expectation is either a correction to the above mentioned zone followed by a bounce within it to re-sell USD with your take profit at 106.11 and stop loss at 116.