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.
| 08 - 12 November |
weekly
forecast 08 - 12
November #IBEX35weekly Technical observation #IBEX35 retraced to the supportive zone 8508.7-8405.2 but it could not break below it, instead it bounced within the zone and is currently trading with an increasing bullish bias. As long as this commodity remains above the zone I can only recommend bullish p | ||
| 2021 | EURUSD | GBPUSD | USDJPY |
| 12 November | Technical observation This week EUR went down and even broke below a supportive zone 1.1511-1.1469 with a big red candle. I still expect further bearish movements of this pair however despite the anticipated downwards movement, price is bound to retrace to the zone mentioned above followed by a r | Technical observation Just like EUR, GBP is trading with an increasing bearish bias slightly below a supportive zone it established at 1.3475-1.3429 and right now i expect further downwards movement followed by a pullback to the just broken zone and a bounce within it. As long as GBP is contained | Technical observation On the daily chart above, price retraced to a supportive level 112.83 and it could not break below it, it was sustained above the line and for several days now it has been rising steadily with an increasing bullish bias. If you picked long positions at the level 112.83 after |
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