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.
| 30 August - 03 September |
weekly
forecast 30 August - 03
September #WTI weekly Technical observation The value of the commodity on the weekly chart above is trading between a supportive zone 59.77-58.74 and a resistance level 76.73. my expectations is bullish movements to the key level 76.73 followed by either a clear break above it with a big green candle, or | ||
| 2021 | EURUSD | GBPUSD | USDJPY |
| 03 September | Technical observation EUR rose up to the resistance level 1.1883-1874 but could not break above it and now i expect a correction to the supportive 1.1765 followed by a rejection below it. My expectation is a retracement to the supportive level 1.1765 followed by a by a bounce at it for a rally to t | Technical observation GBP did not rally to the lower side as I had anticipated, instead it rose and broke above the resistance zone 1.3788-1.3778 with a big green candle and is still showing signs of rising even further. Despite this upwards movement, I expect bearish movements to the just broken | Technical observation On the chart above, price is still retracing to the supportive trend line as indicated, my expectation is a loss of the current bearish movement at the line followed by a momentum to the upper side. My advice, remain neutral temporarily and buy USD at the lower trend after a |
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