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.

30 March - 03 April	weekly forecast 30 March - 03 April Sell #SP500 within 2604.2-2576.7 #ASX weekly Technical observation The commodity on the weekly chart above rose towards a resistance zone it had established around 5637.9-5598.0 however, it did not reach it. I expect more bullish movements this week towards the above-mentioned zone followed by a bounce within it for possible b More
2020	EURUSD	GBPUSD	USDJPY
03 April	We're neutral Technical observation Yesterday price penetrated below a supportive level 1.0897 with a big red candle and is currently rallying below it. Right now, a correction to the just broken line followed by a clear bounce at it can be anticipated. If you sold this pair within the resistance zone 1.1150-1. More	We're flat Technical observation GBP penetrated above the zone 1.2059-1.2027 with a big green candle and is currently rallying between the supportive zone (1.2059-1.2027) and a resistance zone (1.2770-1.2746). My expectation is a pullback to the broken supportive zone followed by a clear rejection within it. More	We're short within 107.99-107.86 Technical observation USD is trading below a resistance zone 107.99-107.86 with an increasing bullish momentum. I expect a loss of this upwards movement within the zone for possible bearish price rally towards the supportive level 104.96 followed by a possible breach below it. My advice, wait for More
02 April	still short towards 1.0897	We're flat	Remain short towards 104.96
01 April	still short towards 1.0897	Remain flat	Remain short
31 March	Remain short	Wait for a correction	Sell USD within 108.54-108.34
30 March	Wait	Remain flat	Wait for a retracement

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Forex Technical Analysis: Trend potential

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