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.
| 29 June - 03 July |
weekly
forecast 29 June - 03
July #CAC40 weekly Technical observation The commodity on the weekly chart above continue to rally with an increasing bullish momentum above a supportive zone it established around a supportive zone 4732.0-4672.0. I expect this upwards movement to continue to the resistance line 5679.4 followed by e | ||
| 2020 | EURUSD | GBPUSD | USDJPY |
| 03 July | Technical observation On the 4-hour chart above, price is trading with an increasing bullish momentum above a supportive zone 1.1205-1.1193. My expectation is either a rise to the resistance line 1.349 followed by a clear breakout above it with a big green candle, or a decline to the zone mentione | Technical observation This week GBP has been trading with an increasing bullish momentum and I expect it to close bullish. Next week, I expect further upwards movement of this pair towards the resistance line 1.2690-1.2594 followed by bounce within it for bearish price rally. If you are currently | Technical observation USD is trading with an increasing bearish bias within a supportive zone 107.49-107.40. I expect a loss of this downwards movement within the zone for a possible upwards rally towards the resistance line 108.44. On the 4-hour chart above, within the zone 107.49-107.40 is the i |
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