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.
Technical Observation: EURUSD is in an active downtrend. Last week's candle closed below a significant daily resistance line 1.10753. Since we had a bearish pin bar on the monthly chart, I'm we expecting a steep decline during this week and in the coming few weeks. Today and in the cause of this w
Technical Observation last week on Friday, GBPUSD rose tremendously and even went above 1.23870. While the price is contained above 1.23870 and also above the three Moving averages acting as parts of the trend indicator, I expect a momentum towards 1.26354. On its way upwards, the key lines to loo
Technical Observation USDJPY is in an active up trend. While the price is contained above the three Moving averages acting as parts of the trend indicator attached,. We're looking for long term buy orders. The main idea is to wait for either a break above the previous week's highest high 108.223 o