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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 and commodities. The analysis seeks to highlight potential breakout setups that can result in higher reward.

Forex Technical Analysis: Trend potential

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.

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April
weekly
forecast
19 - 23
April

 #WTI weekly Technical observation On the weekly chart above, #WTI is still trading above the supportive zone 59.77-58.74, right now the value of this commodity is trading with an increasing bearish bias and I expect the zone mentioned above to act as a support to any movements to the lower side

2021 EURUSD GBPUSD USDJPY
22
April

Technical observation On the weekly chart above, price is trading with an increasing bullish bias above a supportive zone it established at 1.1596-1.1550 and as long as it is contained above this zone, I expect nothing but a momentum to the upper side towards the key level 1.2248. If you are curre

Technical observation Last week GBP went up with a big green candle and it is still showing signs of rising even further, my expectation for this pair is an increase in price towards the resistance level 1.4615 followed by either a clear penetration above it with a big green candle, or another ret

Technical observation For several weeks now, USD has been trading with an increasing bearish bias between a supportive zone 104.97-104.66 and a resistance line 115.64. This bearish movement is a correction to the zone mentioned above and I expect a loss of it within the zone for a rally to the up

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April
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