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 |
17 Tháng Năm | Technical observation This week on the weekly chart above , EUR traded on an increasing bearish momentum towards 1.0835, this movement can still be expected next week and in the coming weeks. As it is on the chart above, if you are not in a trade yet you can remain flat and wait for either another | Technical observation For the past two weeks GBP has been declining steadily towards a key level 1.2574 and I still expect more of this bearish rally next week. In case you went short with this pair within the resistance zone 1.3387-1.3297, hold on to that position with your take profit at 1.2574 | Technical observation USD is trading on an increasing bearish momentum above a supportive level 108.52, my expectation is a clear penetration below the line with a big red candle followed by a correction to it for possible downwards momentum to the key line 103.15.My advice, remain neutral tempora |
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