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 weekly Reveiew Technical observation On the weekly chart above, Brent broke up above a key resistance line70.16 two weeks ago and has since then remained above it.Currently price is rallying above the line and I expect a correction to it for a possible bullish momentum towards the
Technical observation Yesterday instead of price going up as predicted, it broke down below the support zone and I expect s possible bearish movement of price towards 1.1931, should this line be broken below, I expect a further decline in price towards 1.1727.I’m waiting for a pull back to the ju
Technical observation Recently,GBP has been declining steadily towards the zone 1.3787-1.3754,I expect a possible rejection of it within or around the zone for bullish movement of price towards the resistance line 1.4336 and a possible breakout above it for a further rise in price towards the wee
Technical observation After breaking above the resistance zone 107.54-107.34 and rising towards the resistance line 110.17,USD is now showing signs of retracing to the zone.Im waiting for the first pullback and a rejection at the zone to confirm to me price Is on a bullish move then long USD on t