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.
| 19 - 23 April |
weekly
forecast 19 - 23
April #WTI weekly Technical observation On the weekly chart above, #WTI is still trading above the supportive zone 59.77-58.74, right now the value of this commodity is trading with an increasing bearish bias and I expect the zone mentioned above to act as a support to any movements to the lower side | ||
| 2021 | EURUSD | GBPUSD | USDJPY |
| 23 April | Technical observation EUR is trading with an increasing bearish momentum above a supportive zone 1.1984-1.1965, this bearish movement is a second retracement to the zone mentioned above and I expect a loss of it within the same zone for an increase towards the resistance level 1.2341. In case EUR | Technical observation On the 4 hour chart above, price is declining steadily towards the supportive zone it established at 1.3821-1.3808, I expect a bounce within the zone mentioned above for a possible surge to the upper side; however, price could still penetrate below the same zone with a big r | Technical observation On the chart above, price recently broke below the supportive zone 108.37-108.22 with a big red candle and is still showing signs of declining even further, I however expect a loss of this bearish movement followed by an increase in price towards the just broken zone. This ex |
| 22 April | |||
| 21 April | |||
| 20 April | |||
| 19 April | |||
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
