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.
| 10 - 14 July |
weekly
forecast 10 - 14
July Gas along a key monthly support line 2.834 Technical Observation For three months consecutively, Gas has declined in price but is currently slightly a few pips above a key monthly support line 2.834. I expect a rejection from this monthly key line to long gas. That is, unless 2.834 is clearly br | ||
| 2017 | EURUSD | GBPUSD | USDJPY |
| 14 July | Technical Observation Nothing has changed much in this pair, the price is still rally around the weekly resistance line 1.1444 despite my expectation that it could either break clearly above or remain below it. On the weekly chart above, if the price can close below this weekly resistance line 1.14 | Technical Observation Just recently, a bullish breakout was seen when Gbp rose above the hourly resistance line 1.2921, retraced back it back failed to penetrade below. I went long following the second pullback to this line and is still holding on. My expectation is that price should rise towards t | Technical Observation Usd declined in price but failed to penetrate the support line 112.94. I expect the recent upward movement to be a mere retracement towards the short term resistance line 113.62 . If 113.62 is broken upwards, then the price may rise further upwards towards 115.00. On the 4 hou |
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