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.
2021 | EURUSD | GBPUSD | USDJPY |
20 tháng Tám | Technical observation On the weekly chart above price is trading with an increasing bearish bias above the supportive zone 1.1605-1.1571 with an increasing bearish bias, I expect a continuation of this downwards movement to the zone I have mentioned above followed by a rejection within it for a m | Technical observation GBP is trading with an increasing bearish bias within the supportive zone 1.3661-1.3599, I expect a loss of this bearish movement right now within the zone mentioned above followed by a surge to the upper side, however, price can still penetrate below the same zone with a big | Technical observation USD is trading between a supportive zone it established at 104.74-104.22 and a resistance level 114.53 with an increasing bullish bias, despite this bullish movement I expect a possible rally to the zone I have mentioned above or a rise to the resistance level 114.53. In cas |
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