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 |
07 Tháng bảy | Technical Observation Yesterday alone, Eur recovered almost 90% the value it lost earlier this week. Unless the weekly resistance line 1.1448 is clearly breached to the upper side with a big green candle, the upward rally seen yesterday is a mere knee jack reaction and should not breakout above 1.1 | Technical Observation Recently, a false breakout was seen when Gbp broke below 1.2922 and instead of continuation short as said earlier, the price merely tested this line but failed to sustain this breakout. As at the moment, I'm only waiting for a clear breakout above the hourly resistance line 1. | Technical Observation Recently, on June 15th Usd broke out above the three exponential moving averages, retraced back to the red moving average and is still being confined above them. Unless there's a clear breakout below the lower 56 Exponential moving average, I expect a move upwards. A break bel |
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