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 July |
weekly
forecast 22 - 26
July #IBM weekly Technical observation Last week this commodity rose even higher above a zone 140.201-137.91 it had just penetrated above and my expectation is a correction to the zone followed by a rejection within it for possible bullish momentum towards the key level 172.70 and a possible break a | ||
| 2019 | EURUSD | GBPUSD | USDJPY |
| 26 July | Technical Observation EURUSD is currently trading in an increasing bearish bias momentum. Despite the spike we saw during the previous trading day, Euro is still in an active downtrend. While the price is below the two simple moving averages, 20 and 52, I expect a steep decline, if you;'re looking | Technical Observation GBPUSD is currently trading with an increasing bearish bias momentum. While the price is contained below the two simple moving averages attached, I expect a steep decline towards 1.23640 or even lower. While the price is within the declining shape formation, I recommend looki | Technical Observation USDJPY is currently trading with an increasing bullish bias momentum. While the price is above the two simple moving averages, I expect a possible momentum to the upperside, we took a buy trade around the previous day's lowest low and is still holding, our expectations is tha |
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