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 |
31 Tháng bảy | Technical observation Since its penetration above a zone 1.1459-1.1513 with a big green candle, EUR has been trading with increasing bullish momentum. Last week this went up with a big green candle and I expect this week’s candle to close bullish too. However, I expect a correction to the a | Technical observation This week the value of the pair on the weekly chart above has been trading with an increasing bullish momentum and I expect it to close bullish. Next week I expect a pullback to the zone 1.2690-1.2613 price penetrated above last week followed by a rejection within it for upwar | Technical observation USD is trading with an increasing bearish momentum above a supportive zone it established around 105.02-104.41, my expectation is a clear break below the zone with a big red candle followed by a retracement to it and a bounce within the zone for a surge to the lower side. My |
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