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.
| 26 - 30 July |
weekly
forecast 26 - 30
July #SP500 weekly Technical observation The commodity on the chart above is trading with an increasing bearish bias at 4408.0; I expect this bearish movement to continue to the level 4147.5 followed by a bounce at it for a rally to t upper side. In case there is no rejection at the level 4147.5 but | ||
| 2021 | EURUSD | GBPUSD | USDJPY |
| 30 July | Technical Observation: Eurusd broke above the level 1.18802 and is still pretty much bullish. As we mentioned in our previous forecast, we are expecting the price to continue to the upperside and may breakout beyond 1.19593, if the price should break even higher, then further momentum towards 1.203 | Technical Observation: GBPUSD continues to rally to the upperside just as we previoulsy anticipated. While the price is held above the Alligator indicator, I am expecting nothing but a possible momentum to the upperside and mayu break beyond 1.40 towards 1.435 or even higher. If you are looking at | Technical observation: USDJPY continued on its way to the lowerside and is still pretty much bearish. As it is right now, we are looking for a possible long term sell position expecting a rebound from the lower trendline to pick a buy and a rebound from the upper trendline to pick a sell. If the pr |
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