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 |
20 Tháng Năm | Technical observation On the weekly chart above price bounced at the supportive level 1.0405 and this week it has been trading with an increasing bullish bias. This upwards movement is a correction to the resistance zone price established at 1.1541-1.1495 and I expect a rejection within it to re-se | Technical observation Just like EUR, this week GBP opened bullish and I expect it to close the same. Next week I anticipate further upwards movement of price towards the resistance zone 1.3355-1.3418 and I would advise that you remain neutral and wait for a pullback to the zone mentioned above then | Technical observation Last week USD declined with a big red candle and since the beginning of this week price is trading with an increasing bearish bias. My expectation is a surge to the supportive level 125.60 followed by a rejection within it pick long positions with my take profit at 137.27 and |
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