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.
| 27 November - 01 December |
weekly
forecast 27 November - 01
December Bitcoin Review Technical Analysis: Last week, Bitcoin stagnated around $8234 and is still around this zone. During last week, the last trading day, Bitcoin formed a bullish pin, just a day after there was an inside bar (on Thursday) this is s bullish set up and means this crytocurrency could con | ||
| 2017 | EURUSD | GBPUSD | USDJPY |
| 01 December | Technical Observation: According to the weekly chart above, after breaking above the zone 1.1721-1.1436, Eur pulled back within this zone but could not penetrate below it. Currently, Eur has been gaining value but is currently approaching a monthly resistance line 1.2019. Unless there's a clear bre | Technical Observation: As I said earlier this week, Gbp has risen and is still very bullish both on the lesser and the higher time frames. I expect further rise with my take profit still fixed at 1.3595. If the price can breakout above this line, then further rise towards 1.4650 is expected. As it | Technical Observation: the price continues to rise even despite the previous forecast that it could decline in value. For the past two day, Usd has been on the rise and may continue to rise, I'm waiting for a breakout above the short term resistance line 112.54 to buy Usd with my take profit fixed |
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