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.

04 - 08 September	weekly forecast 04 - 08 September Sell #Brent now within 89.08-86.78 #Gold weekly Technical observation On the chart above, Gold rose to the resistance level 2034.17 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 1661.65-1643.25 and I expect a possible bounce w More
2023	EURUSD	GBPUSD	USDJPY
08 September	Wait for a correction to the level 1.0810 Technical observation EUR declined below the level 1.0810 then retraced to it once and it was sustained below it, right now the price is trading with an increasing bearish bias and I expect a further surge to the lower side. My advice, remain flat and wait for a second correction to the level 1.081 More	Wait Technical observation On the chart above the price retraced to a supportive zone it established at 1.2635-1.2571 but did not bounce within it, instead it broke below this zone and it is still trading with an increasing bearish bias. The price can possibly rally further to the lower side today, howe More	We are long Technical observation Since it bounced within the supportive zone 138.75-138.22 USD rose steadily for a whole however, the past two days it traded with an increasing bearish bias. This downwards movement is slight correction to the lower side and I still expect possible upwards movement of price. I More
07 September	We are flat	Wait for a correction to the zone 1.2635-1.2571	Remain long
06 September	Wait	Buy GBP within the zone 1.2556-1.2533	Remain long with USD
05 September	Wait	Wait for a correction to the zone 1.4137-1.4250	Remain long
04 September	Pick bullish positions now at 1.0763	Buy GBP now within the zone 1.2635-1.2571	Remain long

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Forex Technical Analysis: Trend potential

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