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.
| 06 - 10 June |
weekly
forecast 06 - 10
June #CAC40 weekly Technical observation Last week the value of the commodity of the chart above retraced slightly and this week I expect it to continue to the upper side. If you are currently holding long positions with the pair above, remain in the trade with your take profit at 7226.1 and stop los | ||
| 2022 | EURUSD | GBPUSD | USDJPY |
| 10 June | Technical observation On the 4 hour chart above price broke below the supportive it established at 1.0649-1.0637 with a big red candle and currently it is trading with an increasing bullish bias. I expect a continuation of this upwards movement to the just broken zone followed by a rejection withi | Technical observation GBP pulled back to the supportive 1.2490-1.2469 but did not break below it, instead it bounced within the zone and currently it is trading with an increasing bullish bias. As long a price is sustained above the zone mentioned above, I expect a continuation of this upwards mov | Technical observation USD retraced to the supportive zone 133.06-132.93 but could not break below it, Instead it bounced within the zone then rose up to the resistance level 134.56. Currently price is trading with an increasing bearish bias below the level 134.56 and I expect a continuation of th |
| 09 June | |||
| 08 June | |||
| 07 June | |||
| 06 June | |||
en 
cn 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
