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.
| 05 - 09 August |
weekly
forecast 05 - 09
August Gazprom Weekly Review Technical Observation After spiking above the zone 172.40-180.6, we expect further momentum to the upperside. As it is on the weekly chart attached, we're expecting a possible retracement back to the turncoat support set at 172.40. Conservative traders should expect a poss | ||
| 2019 | EURUSD | GBPUSD | USDJPY |
| 09 August | Technical Observation On the 4 hours chart above, I'm waiting for price to hit the 23.6 level to pick a long term buy with an ideal take profit at 1.12251. And in case price breaks below this fib level, then I'll be eyeing a descent towards the next fib level 38.2, 1.11493. Ultimately the price sh | Technical Observation GBPUSD is currently trading with an increasing bearish bias momentum. Currently the price is rallying above the previous week's lowest low 1.20791. On this chart, we're only waiting for a retracement back towards the 76.4 Fib level, 1.21837 or a break below the previous week' | Technical Observation On this chart, the most important level is the -127.2 Fib level, this is a very good 4 hour support level and as long as the price remains above it, we're only interested in buying a bounce from it. Basically, this is also a daily level and a break below it, will mean we're l |
| 08 August | |||
| 07 August | |||
| 06 August | |||
en 
cn 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
