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.
| 02 - 06 August |
weekly
forecast 02 - 06
August Silver Weekly Review Technical Observation Silver is currently in an active downtrend. While the price remains below the Trend indicator shown above, we are expecting further momentum to the lower side is expected with an ideal target set around 24.250, if the price breaks and closes below | ||
| 2021 | EURUSD | GBPUSD | USDJPY |
| 04 August | Technical Observation: Yesterday, EURUSD bounced off from the supportive trendline and is currently heading to the upperside. While the price remains above the lower trendline, I expect nothing but a possible rally to the upperside and should continue much higher towards the upper trendline. If th | Technical Observation Yesterday, GBPUSD bounced off from the lower trendline and is still headed much higher. While we continue to see price above this line, I expect nothing but rally to the upper side. This is the continuation of a bullish price rally and could see price break above the upper tr | Technical Observation After breaking below the lower trendline, USDJPY pulled back to the same trendline before heading straight to the lowerside. As it is right now, we are looking for a possible long term sell position. We are expecting the price to break below 107.868 and may breakout much lowe |
| 03 August | |||
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