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 |
03 Tháng Năm | Technical observation On the weekly chart above, price is still trading below a resistance zone 1.1528-1.1457 and I expect this weeks’ candle to close bullish and possible upwards price rally towards the above mentioned zone next week. It is ideal to remain flat and wait for a correction to 1.1528 | Technical observation GBP is trading below a zone 1.3417-1.3301 on an increasing bullish bias and I expect a close below it followed by more bullish movements next week towards the zone. Right now remain neutral and wait for a correction to 1.3417-1.3301 and a rejection within it to sell GBP with | Technical observation Yesterday USD went up to the zone 111.76-111.69 as predicted and could not penetrate above it, currently price is still below the zone and my expectation is a correction to it and a bounce within it for downwards movement of USD. You can wait for a retracement to 111.76-111.6 |
02 Tháng Năm |