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.
| 14 - 18 December |
weekly
forecast 14 - 18
December #NIKKEI weekly Technical observation The commodity on the weekly chart above is trading with an increasing bearish momentum below a resist mace line 26875, I expect this bearish movement to continue to the supportive zone 24208-24011 followed by a clear bounce within it for a momentum to the u | ||
| 2020 | EURUSD | GBPUSD | USDJPY |
| 18 December | Technical observation On the chart above, price rose up to a resistance line 1.2271 and is currently trading with an increasing bearish momentum below it. I expect this bearish movement to continue to the supportive level 1.2076 followed by a bounce at it to buy this pair. My advice, wait for cor | Technical observation GBP retraced to the supportive zone 1.3517-1.3502 and could not break below it; price bounced at the same zone and is currently trading with an increasing bullish bias. I expect this bullish movement to continue to the resistance line 1.3624 followed by a possible penetratio | Technical observation Price broke below the supportive level 103.71 with a big red candle and is currently pulling back to it. I expect a rejection at the same line for a surge to the lower side towards the supportive level 101.19. MY advice, remain flat temporarily and wait for a bounce at the li |
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