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.
| 30 October - 03 November |
weekly
forecast 30 October - 03
November #Gas weekly Technical observation #GAS declined to the supportive level 1.570 then bounced slightly above it and since then it has been trading with an increasing bullish bias, this upwards movement is a correction to the zone 5.061-4.850 and I expect a possible bounce within it followed by a mo | ||
| 2023 | EURUSD | GBPUSD | USDJPY |
| 02 November | Technical observation On the weekly chart above, the price is trading with an increasing bearish bias between the supportive level 0.9541 and a resistance zone 1.1512-1.1453 and this week I expect it to close red, however, next week I expect possible upwards movements to the zone I have indicated | Technical observation This week the value of the pair above opened bullish and I expect it to plummet even further to the upper side. The anticipated momentum to the upper side is a pullback to the resistance zone 1.4343-1.4245 and I expect a rejection of price within it. My advice, remain flat an | Technical observation USD bounced within the zone 127.15-126.28 for a second time and since then it has been trading with an increasing bullish bias, this week the price is at the level 151.87 and I expect either a clear break above it with a big green candle or a rejection of price at it, if you |
| 01 November | |||
| 31 October | |||
| 30 October | |||
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