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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Bitcoin Trade Signal Technical Observation: As I said on last week's analysis, Bitcoin gaped to the lower side, but ended up closing of the other week's highest high 7867.6. I recommended buy this cryptocurrency last week after a retracement, and as it appeared, bitcoin retraced slightly lower
Technical Observation: After bouncing off from the resistance line 1.1856, Eur has been in a constant downtrend and will continue to drop even further. For the past few days Eur has been trading with an increasing bearish bias momentum and will continue to fall even during this intraday. Thus, toda
Technical Observation: Even after last week's weekly bullish pin bar. Gbp is yet to spike upwards as I expected. Gbp is still bullish and only a buy position can be advised. At the moment, if you're not short from 1.3071, you could wait for a breakout above the short term 4 hour resistance line 1.3
Technical Observation: After bouncing off from the daily resistance line 114.30, Usd has been trading with an increasing bearish bias, and is still showing signs of falling even further. Just the other day, a slight pullback was seen and now the price is rallying even lower. I expect further moment