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 |
| 15 June | Technical Observation: As I forecasted, Eur bounced off from the 4 hour support line 1.18444, went lower and is still showing signs of rallying even lower. Following the break below 1.14317, I expect a breakout below 1.15299 to confirm a possible rally towards 1.14960 and could go even lower. As it | Technical Observation: Yesterday, gbp barely hit my sell line 1.34609, but ended up rallying to the lowerside without moving to the lowerside. Today, I expect a breakout below 1.32336 to confirm a possible rally towards 1.131 or even lower. On it's way to the lowerside, the key lines to the lower | Technical Observation: Yesterday, US Dollar rallied higher and even went below a daily resistance line 110.639. While the price is above this line, I expect a surge to the upperside with an ideal take profit at 111.00. If this take profit is taken out, then the price will likely continue to the upp |
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