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.
2019 | EURUSD | GBPUSD | USDJPY |
07 Tháng sáu | Technical Observation EURUSD is above a perfect resistance zone 1.12507-1.12582. This is is a major zone, and while it keeps price above it, I recommend looking for long term but orders towards 1.13260. So far, this pair has endured an unprecedented active uptrend and while this is true, that the | Technical Observation GBPUSD is currently trading in an active up trend. While the price is contained above the lower supportive trendline, I expect a possible momentum to the upper side. On this chart, the key lines I'm looking for include 1.27425, 1.27545 and 1.28. Any time the price approaches | Technical Observation: USDJPY is in an active downtrend. Currently the price is pulling back upwards in form of a bearish flag. I expect price to continue pulling back to the upper side but should not go beyond the level 109.217-109.133 where I'll be looking for sell orders. As it is on the 4 hour |
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