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.
| 09 - 13 April |
weekly
forecast 09 - 13
April Brent week Technical observation On the chart above, Brent retraced at a support zone, (62.35-60.83) it then went up towards a key resistance 70.16 line but it was rejected and could not penetrate above it, price then went down and is currently retracing to the resistance line and I don’t expec | ||
| 2018 | EURUSD | GBPUSD | USDJPY |
| 13 April | Technical Observation: After a drastic drop yesterday, Eur got supported buy a short term support line 1.2321. The previous day's candle is a potential buyers candle, therefore, unless the price closes below this line, especially with a big red candle, I expect a rise in momentum. Intraday traders | Technical Observation: GBP is currently trading above its daily pivot line but below a key resistance line 1.4240. Despite the previous surge to the upper side, unless the price clearly breaks above the 1.4240 with a big green candle, this is a clear sellers zone. and therefore, I choose to hunt f | Technical Observation: Usd is currently trading with an increasing bullish momentum. Yesterday, the price rally higher but is currently around a key daily resistance level 107.37. Unless there's a clear breakout above this level, this is a potential sellers area, therefore, instead of going short i |
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