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 |
| 15 January | Technical observation For the past two weeks, the pair on the weekly chart above has been trading with an increasing bearish momentum. I expect this bearish movement to continue to the supportive zone 1.1513-1.1450 followed by a bounce within it for a momentum to the upper side. My advice, remain | Technical observation GBP retraced to the supportive zone it established at 1.3461-1.3409 and as long as it is contained above this zone, you can only anticipate bullish movements of price. If you bought this pair within the zone mentioned above after a bounce, remain long with your take profit a | Technical observation USD retraced to a resistance line 104.44 but could not break above it; price bounced at the same line and is currently trading with an increasing bearish bias. Even though I expect this bearish movement to continue to the supportive level 101.16, this pair could still rise a |
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