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 | EURUSD | GBPUSD | USDJPY |
27 September | Technical Observation EURUSD is in an active downtrend. While the price is contained within the declining, yet contracting wedge formation, I expect a possible acceleration even further to the lowerside. If you're looking forward to having a long term trade, then this pair is the best choice, wait | Technical Observation GBPUSD is in an active downtrend. WHile the price is contained within this shape formation, I expect a possible surge even further to the lowerside with the next ideal take profit being 1.22505. On its way to the lowerside, the key lines to look for include 1.2300, 1.22755 an | Technical Observation On this chart, I'm looking at the following levels for possible trades, 108.454, 107.110, and 104.610. Anytime then price approaches any of these lines, then that will mean a possible trade. As it is now on the weekly chart, I'm waiting for a pull back towards 108.454 to pick |
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23 September |