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 |
10 September | Technical observation EUR has been trading with an increasing bearish bias since the beginning of this week and my expectation is for it to close bearish however, next week I expect I expect a loss of this mini retracement followed by a momentum to the upper side. My advice, if you bought EUR with | Technical observation Since its rejection within the supportive zone 1.3661-1.3599, GBP has been rose steadily for two consecutive weeks; this week however, price has been trading with an increasing bearish bias towards the zone I have mentioned above. Despite this bearish movement I still expect | Technical observation USD is trading with an increasing bullish bias within a supportive zone 109.12-107.78 and a resistance level 114.08. My expectation is either a loss of this bullish movement followed by a correction to the supportive zone I have mentioned above and a bounce within if it for a |
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06 September |