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.
| 11 - 15 March |
weekly
forecast 11 - 15
March #IBM weekly Technical observation Last week this commodity went down as predicted and I still expect more of these movements this week towards the support 109.78.In case you sold #IBM shares within the resistance zone 142.76-140.43, remain short with your take profit at 109.78 and stop loss at | ||
| 2019 | EURUSD | GBPUSD | USDJPY |
| 15 March | Technical observation On the daily chart above, price is rallying between a resistance zone 1.1551-1.1520 and a support 1.1213, I expect either a correction to the zone or a decline to 1.1213 followed by a breakout below it.In case of a correction to 1.1551-1.1520, wait for a rejection within it t | Technical observation Yesterday GBP went down as predicted, price is still declining and I expect more of this bearish momentum today towards the key supportive level 1.2698 and a possible breakout below it for a further decline in price towards the key line 1.2080. If you sold this pair yesterda | Technical observation USD is trading on an increasing bullish momentum towards a key resistance line 112.63, I expect a rise to the line and a rejection at it for bearish momentum towards the zone 109.99-109.76.Remain flat and wait for the rise to 112.63 then you can sell this pair at it after a b |
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