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.
| 17 - 21 August |
weekly
forecast 17 - 21
August Technical observation The value of the commodity on the weekly chart above is trading with an increasing bullish momentum above a supportive zone 3111.5-3083.9. I expect this upwards rally to continue to the resistance level marked around 3554.7 followed by either a clear breakout above it with a | ||
| 2020 | EURUSD | GBPUSD | USDJPY |
| 21 August | Technical Observation EURUSD is currently rallying around 1.18659. On the 4 Hours Chart , the previous candle closed above the previous 21 Period Exponential Moving Average. This is a possible Indication that we are in an active up trend . EURUSD_e is currently in a range, not going above the previ | Technical Observation GBPUSD is currently rallying around 1.3077. On the 1 Hour Chart , the previous candle closed above the previous 52 Period Exponential Moving Average. This is a possible Indication that we are in an active up trend . According to the weekly charts, we are approaching a signifi | Technical Observation Yesterday, USDJPY embarked on a serious downtrend and is still very much bearish on the daily chart, According to the weekly chart attached, we are expecting a possible momentum towards 104.624, if the price bounces off from this support, then this will be a good place to con |
| 20 August | |||
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| 18 August | |||
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