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.
| 01 - 05 June |
weekly
forecast 01 - 05
June #CAC40 weekly Technical observation The commodity on the weekly chart above is trading below a resistance zone 4959.7-4907.2 with an increasing bullish momentum, I expect a loss of this upwards movement within the above-mentioned zone for possible bearish price rally towards the supportive leve | ||
| 2020 | EURUSD | GBPUSD | USDJPY |
| 05 June | Technical observation EUR continues to rally steadily with an increasing bullish momentum and this is a clear indication of a bullish dominance of price. I however expect a retracement to the zone 1.1150-1.1131 price penetrated above followed by a bounce within it to pick long positions. My advice | Technical observation GBP is trading with an increasing bullish momentum below a resistance zone it established around 1.2781-1.2753. In case you bought this pair within the supportive zone 1.2215-1.2194 and is currently long with this pair, remain so and pick your profits at the key line 1.2753. | Technical observation USD has been rising steadily towards a resistance line 109.22. I expect either a clear breakout above the line with a big green candle, or a correction to the supportive zone 107.89-107.98. In case of a retracement to the zone 107.89-107.98, buy a bounce within it with your t |
| 04 June | |||
| 03 June | |||
| 02 June | |||
| 01 June | |||
en 
cn 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
