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 |
| 13 July | Technical observation EUR/USD did not rise as predicted yesterday and is currently showing signs of breaking down below the supportive zone 1.1681-1.1670.I expect a clear breakout below the zone followed by a correction to it for possible bearish momentum towards the support 1.1561.I would advise yo | Technical observation Just like EUR, GBP/USD did not rise towards 1.3461, instead there was a clear breach below the support zone 1.3214-1.3202 with a big red candle and I expect a correction to it followed by a rejection of price within it for possible bearish movement of price towards 1.3055.It | Technical observation USD/JPY is still rising steadily towards the resistance 114.76,I expect a correction to the zone 111.27-111.07 followed by a rejection of it from the zone for bullish momentum towards 114.76.My advice, remain flat and wait for the correction to 111.27-111.07 then long USD with |
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