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.
| 04 - 08 December |
weekly
forecast 04 - 08
December Buy Bitcoin: Technical Observation: The most obvious thing to buy right now is this crypto currency. For the better parts of this year, Bitcoin has been in a constant up trend and chances of rising higher are highly anticipated. We expect a massive rise towards $40,000.00 by the end of next year | ||
| 2017 | EURUSD | GBPUSD | USDJPY |
| 08 December | Technical Observation: My stop was taken out when price pulled back above 1.1805 yesterday. Despite this, Eur is still bearish and could continue to fall even during this trading day. Therefore, instead of looking for a long position, I'm only into short positions towards 1.1726. This downward rall | Technical Observation: Recently, Gbp broke out above the upper trend line acting as a resistance to the falling channel. This is a clear bullish dominance signal and unless there's a clear decline below the same trend line to the lower side, I expect a steady rise towards 1.3555 or even higher. As | Technical Observation: As I said earlier, Usd rose tremendously and even broke out above 113.30-113.20 with a big green candle. This is a perfect bullish dominance signal and while the price remains above this zone, Only a buy position is advised with an ideal take profit fixed at 114.35. I'm waiti |
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