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 |
29 tháng Ba | Technical Observation Eurusd is trading with an increasing bearish bias momentum. Overal, this pair is in an active downtrend, and while the price remains below the two simple moving averages, I expect a further decline and may end up breaking below the recent lowest low 1.2215. On this chart, I o | Technical Observation GBPUSD is currently bouncing off from the two Simple Moving Averages (50, 152). We recommend looking for buy orders while there is a buy signal. On its way upwards, the key lines to look for include 1.33800, 1.37130 and 1.42680. Any time the price approaches these lines, we'l | Technical Observation On the 4 hour chart attached, the US Dollar have no clear direction. We're waiting for price to clear ascend above the slow moving average to pick a buy price to clearly break below 109.905 to confirm a possible bearish rally towards 107.915. On this chart, I'm looking at the |
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