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.
| 29 May - 02 June |
weekly
forecast 29 May - 02
June Wait for a clear breakout below 5692.3 to short ASX towards 5374.3 Technical Observation: Recently, the Australian Index go rejected from the immediate trend line acting as the resistance and is currently rallying downwards. I expect a breakout below the support line 5692.3, and then | ||
| 2017 | EURUSD | GBPUSD | USDJPY |
| 02 June | Technical Observation Recently, EUR entered into a rising bearish flag and is still confined within this flag. I expect a possible breakout to the lower side to confirm further bearish rally towards1.1167 and even a breakout below. On the hourly chart above, sell positions seems more ideal toward | Technical Observation Recently, GBP retraced back for the second tome to the daily support line 1.2747. I opened a long position following this retracement and is still holding onto this position. On the daily chart above, long positions seems more ideal towards 1.3489. Sell positions can only be | Technical Observation Recently, USD breached the resistance line 111.38 and is still rallying above. I expected an immediate retracement to the just broken line but instead, USD rose even higher and even broke above another short term resistance line 111.57, Unless this short term resistance is b |
| 01 June | |||
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| 29 May | |||
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