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.
| 12 - 16 February |
weekly
forecast 12 - 16
February Brent weekly Technical observation In the recent past, Brent broke out above the resistance zone around 57.48,rallied higher and was pulled back to a support line62.35,currently the price was pulled back again to the same line. As long as this line contains price above it, I expect a possible b | ||
| 2018 | EURUSD | GBPUSD | USDJPY |
| 16 February | Technical observation On the 4H chart above,EURUSD broke above a key resistance zone (1.2471-1.2455) on 15th of February this year, price then retraced to the zone as a support but got rejected and went up. Currently it is rallying above the zone and I expect possible pullback to it to buy EURUSD | Technical observation Yesterday at 2000hrs GBPUSD broke above a key resistance zone (1.4045-1.4023), price then tried going up but was pulled back to the zone and got rejected then went up. Currently price is still rallying above the zone and I expect a pull back and a possible rejection of it at | Technical observation Recently there’s has been a massive decline in price of USD against the JPY, yesterday price broke below a key line 106.54 with a big red candle and is still going down, I expect a possible correction of price to 106.54 and a rejection of it at the line followed by decline i |
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