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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 and commodities. The analysis seeks to highlight potential breakout setups that can result in higher reward.

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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.

2018 EURUSD GBPUSD USDJPY
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December

Technical observation Yesterday, EUR/USD rose to the resistance level 1.1454 but it could not penetrate above it and was rejected. Right now, it is rallying on an increasing bearish momentum towards the support 1.1214 and my expectation is a possible decline in price towards the level and a breakou

Technical observation Just like EUR, GBP could not penetrate above the resistance 1.2696, price bounced at it and is now rallying towards the support 1.2113.I expect possible bearish price rally towards 1.2113 and a breakout below it followed by a pullback to it for a further decline towards 1.1526

Technical observation Yesterday price penetrated below a key support level 111.85 with a big red candle. Currently it is correcting to the just broken line and I expect a rejection of price at it for possible bearish momentum towards 109.45. I’m looking to sell this pair at 111.45 with my take prof

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