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 October |
weekly
forecast 10 - 14
October #NIKKEI weekly Technical observation Last week #NIKKEI rose with a big green candle and this week I expect it to rally further to the upper side, if you are holding bullish positions with the commodity above, I would advise that you remain in the trade with your take profit at 30293 and stop-lo | ||
| 2022 | EURUSD | GBPUSD | USDJPY |
| 14 October | Technical observation USD broke above the level 145.90 and it is currently trading with an increasing bullish bias above it, however, I expect a loss of this upwards movement followed by a correction to the supportive level indicated above. My advice, remain neutral and wait for a correction to th | Technical observation On the chart above, price is trading with an increasing bullish bias slightly below the resistance zone 1.1474-1.1427 and my expectation is a further rise to this zone followed by either a rejection of price within it or a clear break above it with a big green candle. My advi | Technical observation USD broke above the level 145.90 and it is currently trading with an increasing bullish bias above it, however, I expect a loss of this upwards movement followed by a correction to the supportive level indicated above. My advice, remain neutral and wait for a correction to th |
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