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 |
| 02 April | Technical observation This week, EUR has been declining steadily and is currently trading above the supportive zone 1.1642-1.1588 with an increasing bearish momentum. I expect a loss of this bearish movement within the zone mentioned above for a rally to the upper side. My advice, remain flat temp | Technical observation This week I expected the value of the pair on the chart above to decline up to the supportive zone 1.3599-1.3478 followed by rejection within it to pick long positions. However, this pair did not decline to the zone but bounced above it and is currently trading with an increa | Technical observation On the weekly chart above, I had anticipated a decline to the supportive zone 104.97-104.66, however, price went up with a big green candle and is still showing signs of rising even further. In case of a rise to the key level 114.80, I expect a clear breakout above it with a |
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