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.
| 2018 - 2019 | EURUSD | GBPUSD | USDJPY |
| 31 December | Technical observation The general trend for the pair on the daily chart above is downwards, price is rallying around a resistance level 1.1454 and my expectation is a rejection of it at the line for possible bearish rally towards 1.1214 and a possible breach below it for a further decline. You can | Technical observation GBP is rallying around a key level 1.2696 and I expect bearish momentum towards the support 1.2113 followed by a breakout below it for a further decline in price. You can sell this pair at 1.2696 after a close at it with your take profit at 1.2113 and stop loss at 1.2929. In c | Technical observation USD is rallying on an increasing bullish momentum towards the resistance zone 111.57-111.36, my expectation is a loss of this movement within the above mentioned zone for possible bearish price rally towards 109.39.You can wait for the correction to 111.57-111.36 and a rejecti |
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