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.
| 01 - 05 January |
weekly
forecast 01 - 05
January Brent Weekly Review: Technical observation: During the previous weeks brent has been rallying towards a key zone (67.00-68.38) i expect a clear breakout above it ,and then a retracement to the same zone to buy brent. With take profit at 80.62 and stop loss at 61.75 I can either buy the | ||
| 2018 | EURUSD | GBPUSD | USDJPY |
| 05 January | Technical Observation: After a rise just a few day's ago, Eur is currently consolidated around 1.2070. Unless there's a clear breakout above this resistance line 1.2070 with a big green candle, I expect a rejection from this line to short Eur. The line 1.2070 is both a daily and a 4 hour resistance | Technical Observation: As I analysed yesterday, Gbp bounced perfectly from the support line 1.3503 and has currently gained a momentum to the upper side. Today, I expect further momentum to the upper side towards the 4 hour resistance line 1.3604 and should breakout above to continue upwards. Any c | Technical Observation: Earlier today, a clear breakout was seen when the price broke out above the resistance zone 112.88-112.95 and is still above it, Unless there's a clear breakout below 112.88 with a similar but opposite red candle, I expect a momentum towards 114.70. On the way upwards, the ke |
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