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 |
| 19 February | Technical observation On the weekly chart above, price is trading with an increasing bearish bias below a resonance line 1.2249. I expect this bearish movement to continue to the supportive zone 1.1513-1.1450 followed by a rejection within it to buy EUR. My advice, remain flat and wait for a corr | Technical observation GBP is still trading with an increasing bullish momentum above a supportive zone it established at 1.3461-1.3409. I expect this upwards movement to continue to the key level 1.4249 followed by a clear breakout above it for a further surge to the upper side. My advice, if you | Technical observation USD is trading with an increasing bullish bias above a supportive line 104.41. I expect this upwards movement to continue to the resistance zone 108.17-107.94 followed by a rejection at it for a correction to the line 104.44. If you are currently long with this pair, remain |
| 18 February | |||
| 17 February | |||
| 16 February | |||
| 15 February |
en 
cn 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 
