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.
| 19 - 23 September |
weekly
forecast 19 - 23
September #ASX weekly Technical observation On the weekly chart above #ASX is trading with an increasing bearish bias slightly above the supportive zone 6446.5-6365.7, this bearish movement is a retracement to the zone mentioned above and I expect a rejection within it to pick bullish positions with my t | ||
| 2022 | EURUSD | GBPUSD | USDJPY |
| 23 September | Technical observation EUR declined to the supportive level 0.9804 but did not break below it, instead it closed bearish above this level and today I expect bullish movements of price, the anticipated upwards movement is a correction to the resistance zone 1.0367-1.0325 and I expect a rejection with | Technical observation GBP is trading with an increasing bearish bias slightly above the supportive level 1.1209, however, I expect a loss of this downwards movement followed by a correction to the zone 1.1445-1.1457 and I would recommend that you remain flat with the pair above and wait for a ret | Technical observation On the 4 hour chart above, price pulled back to the supportive zone 140.66-140.33 as i had anticipated and it could not break below it, instead it bounced within this zone and since then it has been trading with an increasing bullish bias. As long as the value of USD is susta |
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