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 |
01 tháng Ba | Technical observation From last week, EUR has been retracing to a resistance zone 1.1535-1.1450, I expect this week’s candle to close below the zone for more bullish price rally next week followed by a rejection within the zone for possible bearish price momentum towards 1.0444. You can wait for t | Technical observation GBP is rallying below a resistance zone 1.3477-1.3235 on an increasing bullish bias, I expect a loss of this momentum within the zone for downwards movement of GBP next week and several weeks to come. You can pick short positions within 1.3477-1.3235 after a bounce with your | Technical observation USD is rising steadily towards a resistance zone 114.71-114.09, I expect a rejection of it within the zone for downwards price movement towards 104.63 and a breakout below it for a further decline in price towards the support 92.47 or even lower to 77.97.Remain flat and wa |
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