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.
| 29 November - 03 December |
weekly
forecast 29 November - 03
December #Brent weekly Technical observation The commodity on the weekly chart above is declining drastically towards the supportive zone 70.13-68.96, this bearish movement is a correction to the zone mentioned above and I expect a loss of it within the same zone followed by a momentum to the upper side | ||
| 2021 | EURUSD | GBPUSD | USDJPY |
| 03 December | Technical observation Yesterday price did not decline to the supportive level 1.1193 as I had anticipated but instead it consolidated below the supportive zone 1.1382-1.1372 and right now it is showing sings or rallying to the upper side, should this be the case, I expect a rejection of price wit | Technical observation On the weekly chart above, price went down below a supportive zone 1.3355-1.3412 with a big red candle, I expect this week’s candle to rally further downwards and close bearish. My advice, remain neutral with this pair and wait for a correction to the zone I have mentioned abo | Technical observation On the 4 hour chart above, price is trading between a supportive level 112.60 and the resistance zone 113.79-113.74, I expect a continuation of this upwards movement to the zone mentioned above followed by a rejection within it to short this pair with my take profit at 112.60 |
| 02 December | |||
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| 29 November | |||
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