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.
| 2021 | EURUSD | GBPUSD | USDJPY |
| 17 September | Technical observation On the weekly chart above price is still trading with increasing bearish bias above a supportive zone 1.1665-1.1626, I expect this weeks candle to close bearish above the same zone, you can still anticipate a further rally to the zone I have mentioned above followed by either | Technical observation Last week the value of the pair on then chart above rallied to the lower side and this week there is still a continuation of this bearish movement towards the supportive zone it established at 1.3661-1.3599. I expect price to plunge further to the zone I have mentioned above | Technical observation On the weekly chart above USD is trading with an increasing bearish bias above the supportive zone 107.84-107.46 and unless there is a clear breakout below this zone with a big red candle, I expect a momentum to the upper side. As it is on the chart above, I recommend remainin |
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