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 | EURUSD | GBPUSD | USDJPY |
09 Tháng mười một | Technical observation EUR was rejected at 1.1534 and is now plummeting towards the support 1.3316, my expectation is either a bounce at 1.3316 followed by a correction to 1.1534 for further bearish momentum or a clear breach below 1.3316 followed by a correction to it for downwards momentum. If you | Technical observation GBP/USD is declining steadily towards the key supportive zone 1.3027-1.3013 and I expect nothing but a rejection within it followed by bullish momentum towards 1.3243, I’m looking to long this pair within 1.3027-1.3013 with my take profit at 1.3243 and stop loss slightly | Technical observation USD/JPY was rejected around the resistance 114.53 and is now correcting to the support 112.00-111.76 and I expect a rejection within it for possible bullish momentum towards 114.53 and a break above it for a further rise in price. Should there be a clear break below 112.00-11. |
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05 Tháng mười một |