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 |
14 tháng Giêng | Technical observation EUR is trading with an increasing bullish bias below the resistance zone it established at 1.1643-1.1605, I expect this upwards movement to continue the same zone followed by a rejection within it to pick short positions with my take profit at 1.0693 and stop loss at 1.1844. I | Technical observation For the past three weeks, GBP has been trading with an increasing bullish bias, the currently candle is also rallying upwards however, I expect a loss of this bullish movement followed by a correction to the zone 1.3435-1.3354. My advice, wait for a correction to the zone I h | Technical observation Last week USD rose above the zone 114.43-113.91 with a big green candle and this week, the value of this pair has been trading with an increasing bearish bias. This bearish movement is a retracement to the just broken zone and my expectation is a bounce within the zone follo |
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