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 |
| 04 March | Technical observation On the weekly chart above price has been trading with an increasing bearish bias as I had anticipated and I expect this week’s candle to continue downwards and close bearish. In case you are currently holding bearish positions with the pair on the weekly chart above, I would | Technical observation Since the beginning of the week, GBP has been trading with an increasing bullish bias within the supportive zone 1.3349-1.3298 as I had predicted. I expect a continuation of this upwards movement to the resistance level 1.4239 followed by either a clear breakout above it with | Technical observation This week I expected USD to rally to the upper side, however, since the current candle opened it has been trading with an increasing bearish bias. This bearish movement is a slight correction to the supportive zone 114.15-113.67 and next week price could assume bullish momentu |
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