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.
| 20 - 24 September |
weekly
forecast 20 - 24
September #BTC weekly Technical observation The commodity on the weekly chart above is trading with an increasing bearish bias above a supportive zone 31925.99-30860.26, I expect a continuation of this downwards movement to the zone I have mentioned above followed by a bounce within it for a surge to the | ||
| 2021 | EURUSD | GBPUSD | USDJPY |
| 24 September | Technical observation At the beginning of this week EUR was trading with an increasing bearish bias above the supportive zone 1.1665-1.1626 and I predicted a loss of this downwards movement within the same zone for surge to the upper side. Right now, this week’s candle is trading with an inc | Technical observation GBP has been trading with an increasing bearish bias towards the supportive zone 1.3661-1.3599, this week it declined and sent a tail to the level 1.3599 but could not penetrate below it, and as long as price is sustained above the zone 1.3661-1.3599, I can only recommend bu | Technical observation On the chart above, price retraced to a supportive zone it established at 109.58-109.54 then spiked up to the resistance level 110.36. Currently USD is trading at the same level with an increasing bullish bias. My expectation is a clear breakout above the line with a big gre |
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