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.

06 - 10 April	weekly forecast 06 - 10 April Sell #SP500 within 2601.6-2575.9 #Gazprom weekly Technical observation The commodity on the weekly chart above is trading with an increasing bullish momentum above a supportive zone 171.09-168.30 and I expect this upward movement to continue to the resistance zone 215.65-212.04 followed by a possible breakout above it. If you More
2020	EURUSD	GBPUSD	USDJPY
10 April	Wait Technical observation Yesterday EUR went up above the key resistance level 1.0897 with a big green candle and is currently rallying above it. Bearish movements towards the just broken level can be expected. This anticipated bearish movement is a retracement to the just broken level for possible bu More	Remain long Technical observation GBP is rallying above a supportive zone 1.2209-1.2173. Yesterday price rose as I had predicted and this upwards movement can still be expected towards the resistance zone 1.2770-1.2746 followed by a breakout above it. If you bought this pair within the zone 1.2209-1.2173 afte More	Buy USD within 107.99-107.107.86 Technical observation USD is still correcting to the supportive zone 107.99-107.107.86 and I expect a rejection of it within the zone for possible bullish movements towards the key level 112.09. My advice, wait for a pullback to the zone 107.99-107.86 and a rejection within it to buy USD with your More
09 April	Remain short	Remain long	We're flat
08 April	Sell EUR at 1.0897	still long towards 1.2746	Wait
07 April	We're flat	We're long within 1.2213-1.2173	Wait
06 April	Wait for a correction	Wait	Wait for a retracement to buy USD.

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Forex Technical Analysis: Trend potential

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