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 |
20 Tháng Mười | Technical Observation: Earlier this week, Eur declined in price but failed to penetrate below the support line 1.1717. This is a bulls domination signal, and unless the price breaks below 1.1717 with a big red candle, I expect a rise towards 1.2476 or even higher. On the way upwards, key resistance | Technical Observation: After the insider bar seen last week, Gbp could not go beyond 1.3307, following the rejection from 1.3307, we're short towards 1.2723. Unless the price clearly breaks above 1.3307 with a big red candle, I expect a bearish rally towards 1.2721 or even lower. If the price shoul | Technical Observation: Yesterday, even after a breakout above 112.86, Usd pullback slightly to the lower side but ended up above 112.86 earlier today. This is an indication that the bulls are still left in this market. While the price is above 112.86, I'm only interested in a buy position, if the p |
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