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.
| 12 - 16 July |
weekly
forecast 12 - 16
July #WTI weekly Technical observation #WTI rose steadily up to the resistance level 76.73 but did not break above it, it bounced at the line and is currently trading with an increasing bearish bias. This bearish movement is a correction to the supportive zone 59.77-58.74 and I expect a rejection w | ||
| 2021 | EURUSD | GBPUSD | USDJPY |
| 16 July | Technical observation On the chart above, price is trading with an increasing bullish bias below a resistance zone it established at 1.1883-1.1874. I expect a continuation of this upwards movement to the zone I have mentioned above followed by a rejection within it for a momentum to the lower side. | Technical observation GBP is trading with an increasing bearish bias above the supportive zone 1.3661-1.3599. I expect a loss of this bearish movement within the same zone for a surge to the upper side. My advice, remain neutral temporarily and buy a bounce within the zone 1.3661-1.3599 with your | Technical observation USD declined up to the supportive zone 109.71-109.66 as I had predicted yesterday but could not break below it, it bounced above the zone and is currently trading with an increasing bullish bias. This bullish movement is a retracement to the resistance level 110.75 and I expec |
| 15 July | |||
| 14 July | |||
| 13 July | |||
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