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.

27 September - 01 October	weekly forecast 27 September - 01 October Remain neutral temporarily with Gold #WTI weekly Technical observation #WTI has been rising steadily for several weeks now towards the resistance level 76.73, currently, the value of this commodity is trading with an increasing bullish bias below the level mentioned above and my expectation is either rise to the same line followed More
2021	EURUSD	GBPUSD	USDJPY
01 October	Wait for a correction to the zone 1.1665-1.1626 Technical observation On the chart above, EUR did not bounce within the supportive zone 1.1665-1.1626 as I had anticipated; instead it penetrated below the same zone with a big red candle and it is currently trading slightly below it with an increasing bearish bias. My expectation is a continuatio More	We're flat Technical observation On the weekly chart above price broken below a supportive zone it established at 1.3661-1.3599 with a big red candle. GBP is still trading with an increasing bearish bias below the just broken zone and I expect a sight continuation of this downwards movement. However, I also More	We're neutral Technical observation USD has been rising steadily for the past three consecutive weeks and it is still showing signs of rising even further. This week price had been trading with an increasing bullish bias and I expect it to continue further upwards and close bullish. My expectation is a rise to t More
30 September	Wait for a pullback to 1.1666 to sell EUR	Wait	Wait for a correction to buy USD
29 September	Wait	Remain flat	We're neutral
28 September	We are bearish towards 1.1666	Wait	Looking to buy at 110.79
27 September	Wait	Buy GBP within 1.3661-1.3599	Wait

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Forex Technical Analysis: Trend potential

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