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 |
28 tháng tư | Technical Observation: Recently, EUR entered into an expanding wedge and is currently bouncing off from the the wedge's diagonal trend line. I expect a possible bounce from this trendline to long EUR towards 1.0914. That said, if this pair can breakout below this trend line, I expect a bounce f | Technical Observation: Recently, GBP broke out above 1.2748, pullback towards it and now we're long. I opened a buy trade after this pullback and is still holding, my expectation is for price to rise towards 1.3469. On the daily chart above, nothing has changed much since my previous analysis, | Technical Observation: The USD is contained below the resistance zone 111.60-111.38. Recently, the price spiked above this zone but immediately plunged below it. If this zone is not clearly breached to the upper side, a move towards 109.72 is expected. On the 4 Hour chart above, short positions |
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