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.

25 - 29 May	weekly forecast 25 - 29 May We're flat temporarily with #ASX #Brent weekly Technical observation #Brent continues to rise steadily towards the resistance zone 43.00-42.05. I expect a loss of this bullish momentum within the zone for a possible decline in the value of this commodity towards the support 24.97. My advice, remain flat and wait for a retracem More
2020	EURUSD	GBPUSD	USDJPY
29 May	Remain flat Technical observation EUR is trading above the resistance line 1.0982 it recently penetrated above with an increasing bearish momentum. I expect a loss of this downwards movement at the line for possible bullish price rally. My advice, remain flat and wait for a correction to the line 1.0982 and a More	Long towards 1.2500 Technical observation On the 4 Hour chart above, price is trading above a resistance zone it established around 1.2215-1.2194 with an increasing bullish bias. I expect this bullish movement to surge to the upper side towards the resistance line 1.2500 followed by a clear breakout above it with a b More	Remain long Technical observation The pair on the hourly chart is trading on an upward trend and is currently rallying between a supportive zone 107.37-107.35 and a resistance line 107.93. My expectation is either a decline to the supportive zone and a rejection within it, or a rise to the resistance line fol More
28 May	Wait	Buy a bounce within 1.2183-1.2161	We're flat
27 May	Remain short towards 1.0754	Remain long	We are bearish towards 104.96
26 May	Remain neutral	We're bullish towards 1.2746	Remain long
25 May	We are short towards 1.0776	Buy within 1.2209-1.2173	Remain flat

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Forex Technical Analysis: Trend potential

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