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.
| 14 - 18 November |
weekly
forecast 14 - 18
November #HSI weekly Technical observation #HSI pulled back to the resistance level it established at 17535 for the second time but could not break above it, instead it closed at this level and this week I expect possible bearish movements. My advice, pick short positions now at the level mentioned abov | ||
| 2022 | EURUSD | GBPUSD | USDJPY |
| 18 November | Technical observation EUR rose above the zone it established at 1.0286-1.0270 then pulled back to it twice and both times it was sustained above it, currently price is trading with an increasing bullish bias and I expect as long as it remains above the zone I mentioned earlier, I expect a further | Technical observation Just like EUR, GBP pulled back to a supportive zone 1.1738-1.1700 but did not break below it, instead it bounced within this zone and since then it has been trading with an increasing bullish bias. Today I expect a continuation of this upwards movement to the resistance leve | Technical observation On the daily chart above, price retraced to a supportive zone 139.14-138.73 then bounced within it and since then it has been trading with an increasing bullish bias. As long as price is sustained above this zone, I expect a further surge to the upper side and if you are cur |
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