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 |
07 Tháng Mười | Technical observation For the past two days EUR has been trading with an increasing bearish bias between the supportive level 0.9534 and the resistance zone 1.0367-1.0325, however, I expect a loss of this downward movement followed by a correction to the zone indicated above. My advice, remain neu | Technical observation Since it bounced within the resistance zone 1.1470-1.1427 GBP has been trading with an increasing bearish momentum and today I expect a continuation of this downwards movement. If you are currently holding short positions with the pair above I would recommend that you remain | Technical observation On the 4 hour chart above price is trading with an increasing bullish bias at the resistance level 145.06 and my expectation is either a clear break above this level with a big green candle, or a rejection of price at it followed by a correction to the supportive zone price es |
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