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.
| 22 - 26 January |
weekly
forecast 22 - 26
January Brent weekly Technical observation After weeks of a steady rising, there was a clear breakout above a key support line 67.17.Last week, Brent retraced to the line and the red candle closed within a resistance zone (67.17-68.64).I expect price to rise towards 80.72 and if it can break | ||
| 2018 | EURUSD | GBPUSD | USDJPY |
| 26 January | Technical observation On the 4H chart above, EUR has been trading on an upward trend with major retracements at a key support zone (1.2200-1.2177)recently price failed to be corrected to the zone and continued to race further up, yesterday however, price retraced at zone (1.2394-1.2370) then wen | Technical observation On the 4H chart above ,GBP traded on an upward trend for the past months with retracements at 1.3491,1.3761,1.3943 and recently to zone (1.4136-1.4109)it then continued up and is currently rallying above it. I expect a rejection at it to long GBP with my take profit at 1.434 | Technical observation Previously on the daily chart above, USD broke a support zone (111.47-111.29) and retraced twice to it before continuing short up to a support line 110.22,it then broke below it and is currently pulling back towards it.I expect a rejection at it to continue short with the pa |
| 25 January | |||
| 24 January | |||
| 23 January | |||
| 22 January | |||
en 
cn 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 
