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.
| 21 - 25 December |
weekly
forecast 21 - 25
December #WTI weekly Technical observation On the chart above price broke above a resistance zone 44.66-43.25 with a big green candle and currently, it is trading with an increasing bearish momentum towards the same zone. I expect a loss of this downwards movement within 44.66-43.25 for a surge to the u | ||
| 2020 | EURUSD | GBPUSD | USDJPY |
| 24 December | Technical observation On the daily chart above, price is trading with an increasing bullish momentum. I expect this upwards movement to continue to the resistance line 1.2405 followed by a clear breakout above it with a big green candle. If you bought this pair at the line 1.2076 after a bounce, r | Technical observation GBP pulled back to the supportive zone 1.3369-1.3336, but could not break below it. Price bounced within the zone and is currently trading with an increasing bullish bias, my expectation is a rally to the resistance line 1.3759 followed by a clear penetration above it for a f | Technical observation USD is trading with an increasing bearish momentum below a resistance zone 103.73-103.67. I expect a possible surge to the lower side to the supportive line 102.86, however, this pair can still rise above the zone 103.73-103.67. If you went short with this pair within the zon |
| 23 December | |||
| 22 December | |||
| 21 December | |||
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