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.
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#Apple weekly Technical observation On the weekly chart above, #Apple shares are increasing in value towards a resistance zone 207.82-204.26, I expect a rejection of this movement within the above mentioned zone for a possible rally to the lower side. Remain flat temporarily and wait for the pu
Technical observation Yesterday EUR declined up to a key level 1.1206 and is currently trading above it on an increasing bullish bias, my expectation is either a correction to the resistance line 1.1254 or a clear breakout below 1.1206 with a big red candle followed by a correction to it. In case
Technical observation Yesterday price corrected to the zone 1.3012-1.3006 as predicted but could not penetrate above it and was rejected before declining to a key line 1.2943 and breaking below it, right now price is below the line and I expect a correction to it followed by a rejection at it for
Technical observation On the chart above, price went up for a few hours before retracing to the zone 111.76-111.69, currently USD is trading on an increasing bearish momentum towards the zone and my expectation is a rejection within it for upwards movement of price. My advice, wait for a correction