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.
| 2019 - 2020 | EURUSD | GBPUSD | USDJPY |
| 31 December | Technical Observation Just as previously stated, Eurusd made significant moves to the upper side and could head much higher while the price is held below the daily high 1.1198, we choose to remain on the sidelines, we are basically, waiting for a clear sign that we will be continuing to the upper s | Technical Observation: GBPUSD is still few pips around this weeks opening price while the price is not able to clearly break and close above the previous week's highest high or below the previous week's lowest low, we expect nothing but further consolidations, but in case the price breaks above the | Technical Observation Yesterday, USDJPY moved massively to the lower side and is current around the save place we took a buy from few day's ago, while the price is not able to clearly break and close below 108.441, we choose to remain on the sidelines, our expectation is that the price should cont |
| 30 December |
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