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 December	weekly forecast 20 - 24 December We are flat temporarily with #NIKKEI #Gas weekly Technical observation Last week #Gas retraced to the supportive zone 3.730-3.634 but it could not break below it, the value of this commodity was sustained above the zone and as long as it remains there, I can only recommend picking bullish positions. If you bought #Gas within the zo More
2021	EURUSD	GBPUSD	USDJPY
24 December	We are bearish towards 1.1228 Technical observation EUR is trading with an increasing bearish bias below the supportive level 1.1368-1.1359, I expect either a continuation of this downwards movement to the supportive level 1.1228, or a loss of it followed by bullish movements to the zone mentioned above and a clear breakout ab More	we are flat Technical observation Yesterday GBP did not decline as I had predicted, instead price went up and broke above the resistance zone 1.3361-1.3352, it then continued to rally upwards triggering our stop loss. Currently this pair is trading with an increasing bullish bias between the zone mentioned abo More	we are neutral Technical observation On the 4 hour chart above, price broke above the zone 113.84-113.75 with a big green candle and since then it has been rising steadily towards the resistance level 114.75. I expect a loss of this upwards movement at the same level followed by a correction to the above mentione More
23 December	Remain flat temporarily	Sell GBP now within the zone 1.3363-1.3352	We are bullish towards 115.51
22 December	Looking to sell within 1.1372-1.1354	we are neutral	Wait for a correction to sell USD
21 December	we are flat temporarily	Wait	Expecting a bullish movements to the level 115.41
20 December	we are short towards 1.1193	Remain short and pick your profits at 1.3194	expecting a rally towards 112.73

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Forex Technical Analysis: Trend potential

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