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 |
25 tháng Ba | Technical observation On the daily chart above price pulled back to the resistance level 1.1120 but could not break above it and for several days now it had been trading with an increasing bearish bias. As long as the value of the pair above is sustained below the level I have mentioned above, i ex | Technical observation On the chart above price did not decline as I had expected, however, it rose and broke above a zone 1.3166-1.3183 with a big green candle then later pulled back to the broken zone but it was contained above the same zone. As long as GBP is sustained above the zone mentioned a | Technical observation Yesterday price did not pullback to the lower side as I had anticipated, however it rose with a big green candle up to a level 122.42 and today I expect bearish movements towards the supportive zone 118.57-118.75. My advice, remain neutral and wait for a correction to the zon |
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