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.
2022 | EURUSD | GBPUSD | USDJPY |
23 Tháng mười hai | Technical observation On the chart above EUR rose above the zone 1.0410-1.0367 and it is currently trading with an increasing bearish bias above it, this downwards movement is a correction to the zone I have mentioned above and I expect a rejection within it followed by a momentum to the upper side | Technical observation GBP is trading with an increasing bearish bias between the supportive zone 1.1690-1.1623 and a resistance level 1.2650, I expect a continuation of this downwards movement to the zone I have mentioned above followed by a possible rejection within it. My advice, remain flat and | Technical observation USD pulled back to the resistance zone 139.08-138.25 but did not break above it, instead it bounced within the same zone and since then it has been trading with an increasing bearish bias. In case you sold this pair within the zone indicated above, I recommend that you remain |
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