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 |
| 21 May | Technical observation This week EUR rose up to the resistance level 1.2248; if you were bullish with this pair, right now is the ideal place to pick your profits. On the chart above i expect a clear break above the key level 1.2248 with a big green candle, however price can still bounce at the sam | Technical observation For the past two consecutive weeks GBP has risen steadily towards the resistance level, 1.4615, same as the previous weeks, I expect this week’s candle to also close bullish. My expectation is a rally to the resistance level I have mentioned above followed by either a clear | Technical observation This week USD has been trading with an increasing bearish bias between a supportive zone 104.74-104.22 and a resistance level 114.53, I expect this downwards movement to continue to the zone I have mentioned above followed by a possible break below it with a big red candle. I |
| 20 May | |||
| 19 May | |||
| 18 May | |||
| 17 May |
en 
cn 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 
