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 |
| 01 April | Technical observation On the 4 hour chart above price rose from a level 1.0950 at the lower trend line as indicated above up to a resistance level 1.1176, however, this pair did not break above the level 1.1176 but instead bounced at it and for the past five consecutive hours, the value of this pa | Technical observation GBP is trading with an increasing bullish bias between the supportive level 1.3001 and a resistance zone it established at 1.3286-1.3271. As long as the value of the pair above is within the two levels it is ideal to rather remain neutral than pick any positions. However, yo | Technical observation The pair on the chart above is trading with an increasing bullish bias below the resistance zone 122.60-122.40, this upwards movement is a second retracement to the zone mentioned above and I expect a loss of it within the same zone followed by a momentum to the lower side. My |
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