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.
| 2020 | EURUSD | GBPUSD | USDJPY |
| 14 August | Technical observation EUR continues to rise steadily above the supportive key level it established around 1.1712 and I expect this bullish movement to continue to the resistance line 1.1965 followed by a clear breakout above it for a further to the upper side. If you bought this pair around the su | Technical observation GBP is trading between a supportive zone 1.2781-1.2753 and a resistance key level 1.3290. The general trend on the chart above is upwards hence you can only anticipate bullish movements of price. My expectation is either a correction to the zone 1.2781-1.2753 followed by a re | Technical observation The pair on the chart above is still trading with an increasing bullish momentum above a zone 106.67-106.50 it recently broke above with a big green candle. I expect a correction to the just broken zone followed by a rejection within it to long this pair towards the resistan |
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