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 September	weekly forecast 20 - 24 September Looking to buy BTC within 31925.99-30860.26 #BTC weekly Technical observation The commodity on the weekly chart above is trading with an increasing bearish bias above a supportive zone 31925.99-30860.26, I expect a continuation of this downwards movement to the zone I have mentioned above followed by a bounce within it for a surge to the More
2021	EURUSD	GBPUSD	USDJPY
24 September	We're long towards 1.2248 Technical observation At the beginning of this week EUR was trading with an increasing bearish bias above the supportive zone 1.1665-1.1626 and I predicted a loss of this downwards movement within the same zone for surge to the upper side. Right now, this week’s candle is trading with an inc More	Pick long positions within 1.3661-1.3599 Technical observation GBP has been trading with an increasing bearish bias towards the supportive zone 1.3661-1.3599, this week it declined and sent a tail to the level 1.3599 but could not penetrate below it, and as long as price is sustained above the zone 1.3661-1.3599, I can only recommend bu More	We're neutral Technical observation On the chart above, price retraced to a supportive zone it established at 109.58-109.54 then spiked up to the resistance level 110.36. Currently USD is trading at the same level with an increasing bullish bias. My expectation is a clear breakout above the line with a big gre More
23 September	Looking to sell within 1.1758-1.1752	We're flat	Wait
22 September	We're neutral	Wait	Looking to buy within 107.84-107.46
21 September	Wait for a correction to 1.1781-1.1777	Looking to sell within 1.3681	We're flat
20 September	Expecting a momentum towards 1.1664	Wait for a correction to the zone 1.3788-1.3778	Wait for a correction to buy USD

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Forex Technical Analysis: Trend potential

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