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.
|18 - 22
#IBM,weekly Technical observation #IBM shares are trading below a resistance zone 141.33-139.54 and I expect a bounce within it for possible bearish momentum towards 109.78.You can sell this commodity within the above mentioned zone after a rejection with your take profit at 109.78 and stop los
Technical observation For the past two weeks, EUR has been declining steadily towards a support 1.0437 and I still expect more of this movements this week, If you sold this pair within 1.1535-1.1443 after a bounce, you can hold on to that position with your take profit still at 1.0437 and stop los
Technical observation Just like EUR , GBP has also been trading on bearish momentum for the past two weeks and I still expect more of this movement this week, in case you picked short positons within the resistance zone 1.3362-1.3243, hold on to that positon with your ideal target at 1.1532, if yo
Technical observation After breaking above the zone 109.99-109.76, USD rose steadily for several days before declining, currently this pair is rallying above the zone and I expect a pullback to it followed by a rejection within it for bullish price rally towards 112.63.You can remain flat temporar