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 |
19 tháng Ba | Technical observation EUR declined up to the supportive zone it established at 1.1917-1.1913, it then penetrated below the zone with a big red candle. Price pulled back to the just broken zone and it was contained within it, right now it is trading with an increasing bearish bias within the same z | Technical observation On the hourly chart above, price declined and broke below a trend line as indicated above. It then retraced to it and was rejected at the same line. As long as this pair is contained below the trend you can anticipate bearish movements of price. My advice, if you sold GBP at | Technical observation USD rose then retraced to a supportive zone it established at 108.88-108.82, price was rejected within the same zone and is currently trading with an increasing bullish bias. I expect this upwards movement to continue to the resistance line 109.36 followed by either a clear b |
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15 tháng Ba |