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.

11 - 15 September	weekly forecast 11 - 15 September Remain neutral with #NIKKEI. #SP500 weekly Technical observation #SP500 bounced within the supportive zone 3587.1-3523.7 and since then it has been trading with an increasing bullish bias, this week I expect a further surge to the upper side and if you are already holding bullish positions, I recommend that you remain in t More
2023	EURUSD	GBPUSD	USDJPY
15 September	Remain short Technical observation Since it bounced within the resistance zone 1.0934-1.0922 EUR has been trading with an increasing bearish bias, today I expect a further surge to the lower side and in case you are already holding short positions, I recommend that you remain in the trade with your take profit More	Wait Technical observation GBP declined below the level 1.2461 with a big red candle and is still trading with an increasing bearish bias, however, I expect a loss of this downwards movement followed by a correction to the just broken line. My advice, remain neutral and wait for a second correction to t More	Wait Technical observation USD rose to the resistance level 147.85 then bounced at it and since then it has been trading with an increasing bearish bias, this downwards movement is a correction to the supportive zone 144.75-144.56 and I anticipate a possible rejection within it followed by a surge to t More
14 September	Wait for a second correction to the level 1.0770	We are flat	Remain long
13 September	We are flat	Wait	Wait for a correction to the zone 144.75-144.56
12 September	Remain short	Wait	We are long towards 151.83.
11 September	we are flat.	Wait	Remain bullish

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Forex Technical Analysis: Trend potential

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