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.
| 06 - 10 December |
weekly
forecast 06 - 10
December #Gas weekly Technical observation The commodity on the weekly chart above went down with a big red candle towards the supportive zone 3.798-3.711 but it could not reach it, this week I expect either a further rally to the same zone followed by a rejection within it or a rise to the resistance l | ||
| 2021 | EURUSD | GBPUSD | USDJPY |
| 10 December | Technical observation On the weekly chart above, price has been trading with an increasing bearish bias below the resistance zone 1.1511-1.1469; however, despite this bearish movement I expect momentum to the zone I have mentioned above and a bounce within it followed by a surge to the lower side. | Technical observation GBP broke below a zone 1.3344-1.3292 and since then it has been trading with an increasing bearish bias, however, I expect a correction to the just broken zone followed by a bounce within it to pick short positions with my take profit at 1.2026 and stop loss at 1.3686. As lo | Technical observation USD is trading almost between the supportive level 112.60 and the resistance zone 113.88-111.83; my expectation is either a surge to the level 112.60 or a momentum to the upper side followed by a clear breakout above the zone I have mentioned above with a big green candle. I |
| 09 December | |||
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| 06 December | |||
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