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.
Technical Observation EURUSD is currently in an active up trend. The pair continued to the upper side and barely touched the 50.0% fib level before pulling back to the lower side, while the price is held above the Alligator trend indicator attached, we're looking for possible long term buy positio
Technical Observation Few days ago, GBPUSD established a daily low around 1.28487, and has currently retraced almost to the 38.2% fib level, 1.29849. Currently the price is at 1.29401, while it remains above the alligator indicator and also above 1.29329, we expect a possible momentum to the upper
Technical Observation According to the hourly chart attached, USDJPY is currently in an active downtrend. the pair bounced off from the daily high 112.223, headed straight to the lowerside but could not go beyond 110.188, we expect the current move to the upperside to be a mere correction and shou