Technical Analysis Based on Breakout

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.

01 - 05 Maio	weekly forecast 01 - 05 Maio Buy Spanish Index upon retracing towards 10492.3 Technical Observation: On 24th April 2017, the spanish index Gaped above the the resistance zone 10492.3-10356.5 but is currently recovering downwards. This is a possible genuyine breakout and unless this index break again below 10356.5, I choose to remain flat and only buy around 10.492. Mais
2017	EURUSD	GBPUSD	USDJPY
05 Maio	Re-buy EUR around 1.0953-1.0939 towards 1.1139 Technical Observation: EUR is trading above it's daily pivot line 1.0901. Unless there's a clear bearish breach below this pivot line, a move towards 1.1139 may carry the day. On the 4 hour chart above, the rise above 1.0953-1.0939 signified a break above a key resistance zone, that said, I'm Mais	Long GBP towards 1.3489 Technical Observation: GBP is consolidating above 1.2748. I expected a second retracement towards 1.2748 to re-buy GBP towards 1.3489, unfortunately, this pair seems to be picking a momentum to the upper side.Above 1.2748 is a buy dominance area and unless there's a clear bearish breach below i Mais	Long USD around 112.32-112.25 towards 114.90. Technical Observation: After breaking above the buy zone (112.32-112.25), on 3rd may and 4th may, US retraced to this level for the first and second time respectively. I expect a third retracement to this zone to buy USD towards 113. On the hourly chart above, I have a pending buy order limit Mais
04 Maio	Long EUR towards 1.0949	Long GBP upon a second retest of 1.2748 towards 1.3489	Long USD towards 113.86
03 Maio	Long EUR above 1.0930 towards 1.1142	Long GBP above 1.2748 towards 1.3489	Short USD below 111.6 towards 109.75
02 Maio	Flat	Long GBP around 1.2748 towards 1.3489.	Short USD Towards 110.65
01 Maio	Short Towards 1.0841	Long GBP Towards 1.3495	Long USD towards 112.11

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.

© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.

Technical Analysis Based on Breakout

Nossos melhores prêmios: