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.
| 16 - 20 October |
weekly
forecast 16 - 20
October #DAX30 weekly Technical observation #DAX30 rose to the level 16497.6 then bounced at it and since then it has been trading with an increasing bearish bias, this downwards movement is a correction to the supportive zone 12041.0-11811.4 and I expect a possible bounce within it to re-buy this ind | ||
| 2023 | EURUSD | GBPUSD | USDJPY |
| 20 October | Technical observation The value of the pair above has been trading with an increasing bullish bias for several days now, this upwards movement is a correction to the resistance line 1.0641 and I expect a continuation of this upwards movement to the same line followed by either a rejection at it or | Technical observation On the chart above, the price is trading with an increasing bearish bias slightly above the supportive level 1.2013, however, I expect a loss of this downwards movement followed by a correction to the resistance level 1.2461. My advice, remain flat and wait for a retracement | Technical observation USD has been trading with an increasing bullish bias since it bounced within the supportive zone 144.75-144.56 and today I expect it to ascend even further, today I expect the value of this pair to plummet even further upwards and if you are already holding bullish positions, |
| 19 October | |||
| 18 October | |||
| 17 October | |||
| 16 October | |||
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