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 October	weekly forecast 11 - 15 October Remain flat with Gold #WTI weekly Technical observation Last week, #WTI rose and broken above a resistance level it had established at 76.73, it is still showing signs of rising even further. If you had previously bought this commodity within the supportive zone 58.74-59.77, at the level 76.73 was the ideal place to More
2021	EURUSD	GBPUSD	USDJPY
15 October	We're flat Technical observation EUR is still trading with an increasing bullish bias below the resistance zone 1.1665-1.1626 and I expect the current candle to close bullish within the zone I have mentioned above, however, I would advise you wait for a second retracement to the same zone and a rejection wi More	Wait Technical observation This week GBP has been rallying towards the resistance zone 1.3661-1.3599 with an increasing bullish bias; currently price is trading within the same zone and I expect a loss of this upwards movement within the zone for a surge to the lower side, however, if the breakout bel More	Remain long and pick your profits at 114.08 Technical observation USD is trading with an increasing bullish bias below the resistance level 114.08; my expectation is either a clear breakout above the level with a big green candle, or a rejection of price at the level 114.08 followed by a retracement to the supportive zone 107.84-107.46. My More
14 October	Looking to sell within 1.1662-1.1642	We're neutral temporarily	Remain bullish towards 113.76
13 October	Wait	Pick short positions within 1.3661-1.3599	We're bullish towards 114.08.
12 October	Wait for another correction to 1.1626 to sell EUR	Expect a rally towards 1.3674.	Wait for a pullback to buy USD
11 October	Remain flat	We're neutral	Wait

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Forex Technical Analysis: Trend potential

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