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.
2020 | EURUSD | GBPUSD | USDJPY |
04 Tháng Chín | Technical observation EUR is trading with an increasing bullish momentum below a resistance line 1.1917. I expect thus upwards movement to continue to the line mentioned above followed by a clear bounce at it for bearish price rally towards the supportive zone 1.1725-1.1712. My advice, remain flat | Technical observation On the chart above, GBP pulled back to the supportive zone it established around 1.3280-1.3261 and it could not break below it. Price was contained above the zone and is currently trading with an increasing bullish momentum. I expect this upwards movement to continue to the r | Technical observation USD rose to a resistance zone 106.45-106.39 and it bounced within it. This pair is currently trading with an increasing bearish momentum below the same zone and I expect this downwards movement to continue to the supportive level marked at 105.34 followed by a clear breakout |
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31 tháng Tám |