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 March |
weekly
forecast 08 - 12
March #IBEX35 weekly Technical observation Despite the correction to the upper side, the commodity on the weekly chart above is still below the zone 8477.6-8384.5 and as long as it is contained below this zone, I expect a possible rally to the lower side. My advice, wait for a correction to the zone | ||
| 2021 | EURUSD | GBPUSD | USDJPY |
| 12 March | Technical observation EUR is trading with an increasing bearish bias below a resistance zone it established at 1.2087-1.2048. I expect a loss of this bearish rally followed by a rise to the zone mentioned above and a bounce within it to pick short positions. My advice, remain flat and wait for a c | Technical observation On the 4 hour chart above, GBP rose to the resistance zone 1.3999-1.3984 and bounced within it as I had predicted yesterday, right now price is trading with an increasing bearish bias and I expect this downwards movements to continue to the level 1.3788. If you picked short p | Technical observation USD is trading with an increasing bullish bias below a resistance level 109.58, however, I expect a loss of this bullish movements followed by a retracement to the level 106.94. Remain flat and wait for a correction to the line 106.94 and a bounce at it to buy USD with your |
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