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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.

20 - 24
January
weekly
forecast
20 - 24
January

 #Brent weekly Technical observation Two weeks ago, the commodity on the weekly chart above bounced at a key resistance level 64.00 before moving on an increasing bearish momentum, currently the commodity is contained between the level and a supportive zone 52.94-51.91, I expect the bearish move

16 - 20
January
weekly
forecast
16 - 20
January

 #Brent weekly Technical observation On the weekly chart above price closed while on an increasing bearish momentum below a key resistance zone 72.91-71.66, I still expect more of this downwards movement towards the supportive level 57.60 followed by possible penetration below it. If you sold th

2020 EURUSD GBPUSD USDJPY
21
January

Technical observation Yesterday, the pair on the daily chart above rose but could not reach the resistance level it established around 1.1187-1.1175, however despite this upward movement, I still expect this pair to continue with an increasing bearish momentum towards the supportive level marked a

Technical observation GBP is still trading above the supportive zone it established around 1.2984-1.2948, yesterday’s candle went up and i still expect more of this bullish movement today towards the key level 1.3516. In case you bought this pair within the zone 1.2984-1.2948 after a rejection of

Technical observation USD is continues to trade on an increasing bullish momentum above the zone 109.75-109.62. I expect this pair to rise further towards the key level 111.76 followed by a possible breach above it. If you went long within the zone mentioned above following a bounce after a retrace

20
January
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