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.
| 28 May - 01 June |
weekly
forecast 28 May - 01
June Brent weekly Technical observation Last week, Brent was rejected from a resistance line 80.16 and is currently racing down towards a support zone 62.35-60.83,short term traders who had already sold Brent can be advised to remain in the trade but not for long.I expect a breakout above 80.16 and a | ||
| 2018 | EURUSD | GBPUSD | USDJPY |
| 01 June | Technical observation EUR/USD was yesterday rejected from the resistance zone1.1705-1.1665,price then retraced to it but could not penetrate above it.Currently price is within the zone and it is the ideal time to short the pair right now within the it with your take profit at 1.1393,I also expect | Technical observation After the breakout below the support key line 1.3306, the pair on the daily chart above yesterday retraced to it and could not penetrate above it.Price was rejected from the line and is currently rallying down. If you had sold the pair yesterday, remain in the trade with you | Technical observation Yesterday USD/JPY retraced the broken support zone 109.04-108.80, it could not penetrate above it and was rejected. Currently price is within the zone and i expect either a breakout above 109.04 or a close within the zone to trade the pair. I would advise you remain flat tem |
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