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.
2017 | EURUSD | GBPUSD | USDJPY |
15 Tháng mười hai | Technical Observation: Eur is currently edging towards a support zone 1.1695-1.1482. This is a good buy zone, and unless there's a clean breach below it will a big red candle, I expect a bounce from it to pick a low risk buy opportunity. With this buy opportunities, the key take profit lines to loo | Technical Observation: Despite the bearish pin bar seen almost three days ago, Gbp failed to penetrate below the daily support zone 1.3304-1.3283. This is a possible bullish dominance indications and while the price is above 1.3304-1.3283, only a buy position looks more ideal. I expect another pull | Technical Observation: USD is rallying around a short term support line 112.19. USD failed to spike upwards even after the bullish continuation candle observed almost 4 days ago. This is a possible bearish dominance indication and while the price is still above 112.19, I choose to remain flat and w |
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