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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#CAC4O,weekly Technical observation The commodity on the weekly chart above is correcting to the resistance zone 5009.5-4966.0, my expectation is a bounce of it within the zone for possible bearish price rally towards the support level marked at 4547.8. You can remain flat temporarily and wai
Technical observation EUR is rallying around a support level marked at 1.1352, I expect a rejection of it at the line followed by a correction to the resistance 1.1413 to sell this pair with my take profit at 1.1352 and stop loss at 1.1434. Should there be a clear penetration below 1.1352, wait f
Technical observation GBP is rallying below a resistance zone 1.2914-1.2906, I expect a correction to it followed by a bounce within it to sell GBP with my take profit at 1.2823 and stop loss at 1.2943.In case of a breach below the support 1.2823 then more bearish momentum will be anticipated tow
Technical observation Recently price bounce within a resistance zone 109.88-109.64 and it is currently rallying towards a support 107.34.In case you sold this pair within the above mentioned zone after a bounce remain in the trade with your take profit at 107.34 and stop loss at 110.72.If you had