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.

26 - 30 October	weekly forecast 26 - 30 October Sell #HSI within 25286-25052 #ASX weekly Technical observation #ASX penetrated above the zone 6148.7-6099.7 with a big green candle. Last week, this commodity retraced to the just broken zone but did not reach. However, it is still showing signs of rallying downwards. I anticipate bearish movements this week towards the zo More
2020	EURUSD	GBPUSD	USDJPY
30 October	Wait for a retracement to sell EUR Technical observation On the hourly chart above, price declined steadily penetrating below a supportive zone 1.1724-1.1721 and a supportively level 1.1682. Currently EUR is trading below the line 1.1682 with an increasing bullish momentum. This upwards movement is a retracement to the line and exp More	We're short within 1.2937-1.2933 Technical observation GBP is trading below a resistance zone it established around 1.2937-1.2933. Yesterday, I predicted a decline in value of this pair towards the same zone and, if you sold GBP within the zone 1.3012-1.3007 after a bounce, at the line 1.2937 was the ideal place to pick your pro More	We're flat Technical observation USD is retracing to a resistance zone 104.96-104.92. I expect a loss of this bullish bias within the zone for a surge towards the key level 103.98. In case price does not bounce within the zone and instead there is a clear break above it with a big green candle, wait for a c More
29 October	Buy within 1.1744-1.1715	we're bearish towards 1.2945	We're neutral temporarily
28 October	We're flat	Remain flat	Wait for a breakout
27 October	Bullish towards 1.1844	We're long	We're short towards 103.97
26 October	Wait	We're flat temporarily	Looking to sell within 105.22-105.16

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Forex Technical Analysis: Trend potential

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