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.
| 27 June - 01 July |
weekly
forecast 27 June - 01
July #FTSE weekly Technical observation On the weekly chart above #FTSE rose with a green candle and as long as it is sustained above the same zone, I expect a further surge to the resistance level 7813.1 followed by either a clear breakout above it with a big green candle, or a bounce at it followe | ||
| 2022 | EURUSD | GBPUSD | USDJPY |
| 01 July | Technical observation On the 4 hour chart above price declined up to the supportive level 1.0357 as I had predicted but did not break below it instead, it bounced above the level and since then it has been trading with an increasing bullish bias. This upwards movement is a correction to the resista | Technical observation Yesterday GBP declined towards the supportive level 1.2057 and bounced slightly above it before picking bullish momentum. The upwards movement is a correction to the resistance zone 1.2320-1.2308 and I expect a rejection of price within it to pick short positions with my take | Technical observation On the daily chart above price rose up to the resistance level 136.65 but could not break above it, instead it bounced below the level and it is currently trading with an increasing bullish bias. This downwards movement is a correction to the supportive level 126.81 and I expe |
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| 27 June | |||
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