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 October |
weekly
forecast 09 - 13
October Gas Review Technical Observation: Gas continues to consolidate below 3.095 despite the previous analysis that it could plummet. In this commodity, the bears are still in control, but I'm waiting for a clear sell signal. A rise to the upper side, and then a reject from 3.095 will be clear sell si | ||
| 2017 | EURUSD | GBPUSD | USDJPY |
| 13 October | Technical Observation As I said before, Eur failed to penetrate below the support zone 1.1717-1.1463, in fact, Eur could not even go below 1.1717. Last week's candle was a near rejection candle and means the price could rise higher during this week, That said, Unless the price goes below 1.1717, wi | Technical Observation: Gbp continues to rise but is showing signs of getting exhausted upon reaching the 4 hour resistance line 1.3277. Today, I'm patiently waiting for a sell signal around this line, but if the price rise above it, the the price can continue rising towards 1.3465 or even higher to | Technical Observation Even after the two bullish pin bar occurring consecutively on the daily charts, Usd continues to drop in price. Currently, Usd is rallying around the hourly support line 112.01, unless the price is clearly below it, I expect a rejection from it to buy Usd with my take profi |
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