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 |
15 Tháng bảy | Technical observation This week EUR opened bearish below the resistance level 1.0405 and I expect it to close the same. However, despite this downwards movement I expect a correction to the level mentioned above followed by a bounce at it to pick short positions with my take profit at 0.9624 and st | Technical observation This week GBP has been trading with an increasing bearish bias and I expect it to continue to decline to the supportive level 1.1655. If you are currently holding bearish positions with the pair above, remain in the trade and pick your profits at 1.1655. In case this take pr | Technical observation On the weekly chart above, price rose steadily up to a resistance level 138.81 and currently, it is trading below the same level with an increasing bullish bias. I expect a loss of this upward movement at the same line followed by a correction to the supportive level price e |
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