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 |
11 tháng Tám | Technical Observation The most important reference points in this pair includes 1.1459, 1.1616 and 1.1714. If the price can break below the first important reference point 1.1459, I expect a decline to the lower side probably towards 1.0520. A rejection from either 1.1714, 1.1616, or 1.1459 will ca | Technical Observation Gbp is currently trading slightly below its daily pivot line 1.29801. Since the previous forecast, nothing has charged much, I still expect a decline in price towards the daily support line 1.2752. If you're an intraday trader, you could short this pair now and have your take | Technical Observation Recently, Usd descended below the supportive trend line and is still below it. This is an onset to bearish breakout and unless price comes back and close above this trend line, I expect a minor pullback to the just broken trend line and also towards 110.25 to pick a short posi |
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