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.
| 03 - 07 May |
weekly
forecast 03 - 07
May SPX500 weekly Review Technical Observation SPX500 is currently in an active up trend. While we continue to see sustenance above the Alligator indicator and also above the 200 period moving average, we are buyers. The idea on this chart is to wait for price to get to its over sold are | ||
| 2021 | EURUSD | GBPUSD | USDJPY |
| 07 May | Technical observation In the beginning of the week, I expected the value of this pair to decline towards the trend line indicated on the weekly chart above, however, price changed momentum and is currently trading with an increasing bullish bias. I expect this bullish movement to continue to the | Technical observation GBP is still trading with an increasing bullish bias above a support zone 1.3661-1.3599 and as long as price contained above this is zone, I expect it to surge to the upper side to the key level 1.4615. If you picked long positions within the zone 1.3661-1.3599 after a bounce | Technical observation On the weekly chart above, price is trading with an increasing bullish bias above a supportive zone it established at 108.08-107.78. My expectation is a loss of this bearish movement within the zone for a possible rally to the upper side; however, price can still break below |
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