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 |
02 Tháng bảy | Technical observation This week EUR has been trading with an increasing bearish bias towards the supportive zone 1.1605-1.1571, this bearish movement is a retracement to the zone I have mentioned above and I expect a rejection within it for a momentum to the upper side. Remain neutral temporarily | Technical observation This week GBP has been declining towards the supportive zone it established at 1.3661-1.3599, I expect a loss of this bearish movement within the same zone for a momentum to the upper side. My advice, remain neutral temporarily and wait for a rejection within the zone 1.3661 | Technical observation For several weeks now USD has been trading with an increasing bullish bias towards the resistance level 114.53, my expectation is a rise to the line I have mentioned above followed by a clear breakout above it with a big green candle. As it is on the chart above, right now r |
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