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.
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Brent Review Technical Observation A key daily support can be ween around 70.698. few days ago, Brent oil retraced to the lowerside and is still very bearish on the daily chart, I expect further retracements to the lowerside but should not go below the daily support line 70.698 where I'll be loo
Technical Observation: Last week, Eur traded rapidly to the upper side and even went above the 4 hour resistance line 1.16464. This is a significant move and while the price is contained above this line, I expect a rally upwards with an ideal take profit at 1.18394. On its way upwards, the key lin
Technical Observation: Gbp is currently trading within a range 1.33093-1.32336. While the price is within this range, I choose to trade reversals, and should the price break out to the upper side, then I'll look for an upward position with my take profit at 1.34593. and on the lower side, in case o
Technical Observation: A key daily support is seen around 108.670. I expect a surge towards this support to pick a long position on a bounce from this line, but should the price break below it, then I expect a surge to the lower side with the next take profit at 106.995. Should the price bounce fro