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.
2018 - 2019 | EURUSD | GBPUSD | USDJPY |
04 tháng Giêng | Technical observation EUR did not decline to 1.1214 as I predicted yesterday but instead it rose and is still rising towards the resistance zone 1.1472-1.1452, my expectation is a rejection of it within the zone followed by possible bearish price rally towards 1.1214, or a clear penetration above t | Technical observation On the 4hour chart above price is rallying around a key resistance zone 1.2706-1.2665,my expectation is rise to it followed by a bounce within or around it for possible bearish price rally towards 1.2476 or down to the level 1.2425.You can wait for the rise to the above menti | Technical observation USD rallied to the level 106.74 but could not penetrate below it, price closed above the level and is now correcting to the resistance level 109.39. My expectation is a rejection of it at the line for possible downwards momentum of price towards 106.74 followed by a breakout b |
03 tháng Giêng | |||
02 tháng Giêng |