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 |
13 Tháng Năm | Technical observation On the daily chart above price retraced to a resistance level 1.0637 but could not break above it, instead, It bounced below the same line and since then it has been trading with an increasing bearish bias. I expect a continuation of this downwards movement to the supportive | Technical observation GBP retraced to the resistance level 1.2635 for a second tine and it was sustained below it, since then this pair has been trading with an increasing bearish bias and I expect a continuation of this downwards movement to the supportive level 1.2099 followed by either a clear | Technical observation On the hourly chart above price did not rise as I had anticipated, instead it declined with a big red candle and broke below the zone 129.55-129.45 then rallied further downwards to the supportive zone 127.91-127.79. Currently USD is trading with an increasing bullish bias sli |
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