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.
| 22 - 26 March |
weekly
forecast 22 - 26
March #WTI weekly Technical observation The value of the commodity on the weekly chart above rose up to a resistance line 66.45 but could not break above it. It bounced at the line and is currently trading with an increasing bearish momentum. This bearish movement is a correction to the zone 52.70-51 | ||
| 2021 | EURUSD | GBPUSD | USDJPY |
| 26 March | Technical observation EUR is declining steadily towards the supportive zone 1.1642-1.1588, I expect a loss of this bearish movement within the zone for momentum to the upper side. My advice, wait for a correction to the zone mentioned above and a rejection within it to buy EUR with your take profi | Technical observation GBP is trading with an increasing bearish bias above the supportive zone 1.3599-1.3478; I expect a rejection of this bearish movement within the zone for a momentum to the upper side. My advice, remain flat temporarily and wait for a correction to the zone 1.3599-1.3478 and a | Technical observation This week, USD has been trading with an increasing bullish bias between a supportive zone it established at 104.97-104.66 and a resistance level 104.80, however, my expectation is a rally to the lower side to the supportive zone mentioned above followed by a rejection within |
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