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.
| 31 October - 04 November |
weekly
forecast 31 October - 04
November #NIKKEI weekly Technical observation #NIKKEI is trading with an increasing bullish bias above the supportive zone it established at 25458-25126 and as long as it is sustained above this zone I expect a further rally to the upper side. If you picked bullish positions within the zone indicated abo | ||
| 2022 | EURUSD | GBPUSD | USDJPY |
| 04 November | Technical observation On the 4 hour chart above, price is trading with an increasing bullish bias slightly above the supportive level 0.9666, however despite this bullish movement I expect a possible rally to the level I have mentioned above followed by either a clear break below it with a big red | Technical observation GBP traded within a channel as indicated above then broke below the lower trend line with a big red candle, currently it is trading below this broken level with an increasing bearish bias, this upwards movement is a correction to the just broken level and my expectation is a | Technical observation USD is trading with an increasing bearish bias between the supportive level 145.79 and a resistance level 151.50, this bearish movement is a pullback to the level 145.79 and I anticipate a possible bounce at it or a clear break below it with a big red candle. If there is a re |
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