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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.

23 - 27
May
weekly
forecast
23 - 27
May

 #ASX weekly Technical observation #ASX is trading above the supportive zone it established at 7012.2-6956.2 and as long as it is sustained above this zone, my expectation is rally to the resistance level 7617.2 followed by either a clear breakout above it with a big green candle, or a bounce at

2022 EURUSD GBPUSD USDJPY
27
May

Technical observation On the chart above price is trading with an increasing bullish bias above the supportive zone 1.0657-1.0641 as anticipated and today I expect a further momentum to the upper side. If you are currently holding bullish positions with the pair above, remain in the trade with you

Technical observation On the daily chart above price retraced to the resistance zone it established at 1.2635-1.2591 and currently it is trading within the same zone with an increasing bullish bias. My expectation is a loss of this upwards movement followed by a surge to the supportive level 1.209

Technical observation USD pulled back to the resistance zone 127.50-127.41 but could not break above it, instead price bounced below the zone and since then it has been trading with an increasing bearish bias. I expect a continuation of this downwards movement to the supportive level 126.35 follow

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