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 May - 03 June |
weekly
forecast 30 May - 03
June #ESTX50 weekly Technical observation Last week the value of the commodity on the chart above rose with a big green candle and this week I expect a continuation of this upwards movement to the resistance zone 4006.1-3939.1 followed by a bounce within it to pick short positions with my take profi | ||
| 2022 | EURUSD | GBPUSD | USDJPY |
| 03 June | Technical observation On the hourly chart above price retraced to the supportive zone 1.0641-1.1649 but could not break below it, instead, it bounced within the same zone and since then it has been trading with an increasing bullish bias. As long as the value of the pair above is sustained above th | Trade recommendation GBP bounced within the supportive zone it established at 1.2487-1.2464 and since then it has been trading with an increasing bullish bias. I expect price to ascend towards the resistance level 1.2759 followed by either a clear break above it with a big green candle or a bounce | Technical observation Yesterday price declined below the resistance level 130.85 and today I expect a continuation of this bearish movement towards the supportive level 125.37-125.06 followed by a bounce within it to pick long positions with my take profit at 130.85 and stop-loss at 122.32. Should |
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