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.
| 2022 | EURUSD | GBPUSD | USDJPY |
| 08 April | Technical observation This week the value of the pair on the chart above opened bearish and I expect it to close red at the end of the week. If you are currently holding short positions with the pair above, remain in the trade and pick your profits at 1.0697, however, in case you are flat, wait fo | Technical observation GBP retraced to the resistance zone it established at 1.3349-1.3298 but could not break above it, instead it was sustained below the zone and as long as it remains below it, I expect a surge towards the supportive level 1.2028. If you are currently holding short positions wi | Technical observation The value of the pair on the chart above has been rising steadily and this week I expect it to ascend up to the resistance level 125.55, at this level I expect a rejection of price followed by a correction to the supportive zone 113.67-114.15 to pick long positions with my ta |
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