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 June |
weekly
forecast 22 - 26
June #CAC40 weekly Technical observation The commodity on the weekly chart above pulled back to a supportive zone it established around 4732.0-4672.0 and was contained above it. Right now, the value of this commodity is rallying upwards steadily and I expect this bullish movement to continue to the | ||
| 2020 | EURUSD | GBPUSD | USDJPY |
| 26 June | Technical observation EUR retraced to the supportive zone 1.1216-1.1204 and could not break below it. Price is currently trading with an increasing bullish momentum above the same zone and I expect this movement to continue to the resistance line 1.1349 followed by a clear breakout above it with | Technical observation On the weekly chart above, price is rallying with an increasing bullish bias below a resistance zone it established around 1.2594-1.2516. My expectation is a loss of this upwards movement within the above-mentioned zone for bearish movements of GBP towards the supportive leve | Technical observation USD is trading with an increasing bullish bias above a supportive zone 104.96-104.44. I expect either a decline to the supportive zone 104.96-104.44 followed by a clear breakout below it with a big red candle, or, a correction to the resistance zone 115.12-114.35 followed by |
| 25 June | |||
| 24 June | |||
| 23 June | |||
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