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.
26 - 30 Junho |
weekly
forecast 26 - 30
Junho Short ASX below 5693.4 towards 5275.2 Technical Observation Recently, a sharp drop towards a key daily support line 5693.4 was seen and even a breakout to the lower side. I'm waiting for price to sustain this broke out to short this index towards 5275.6. Unless price gets back below 5693. | ||
2017 | EURUSD | GBPUSD | USDJPY |
30 Junho | Technical Observation This week, Eur spiked upwards and even hit my Take profit earlier today at the weekly resistance line 1.1448. I'm watching price closely at this line and unless this line is clearly breached to the upper side with a big green candle, I expect a rejection from this line to sho | Technical Observation Recently, Gbp entered into a steep rising channel and is still confined within it. Due to the nature of this channel, there's a likelihood that Gbp could break below it in the nearest future, thus, although I expect a move to the upper side, a break below the lower trend line | Technical Observation Recently, Usd retraced back for the second time to my buy line 111.85. Unless this level is clearly breached to the lower side with a big red candle, I expect rejection from this line to buy Usd towards 115.01. On the 4 hour chart, now is the best time to long Usd with a Stop |
29 Junho | |||
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26 Junho |