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.

02 - 06 March	weekly forecast 02 - 06 March Remain flat with #NIKKEI Gazprom weekly Technical observation Last week a clear breakdown was seen when the value of this commodity went down below a supportive zone 215.65-212.04 with a big red candle and as long as it is contained below it, only bearish movements can be anticipated. Right now a correction to the just More
2020	EURUSD	GBPUSD	USDJPY
06 March	Wait for a correction Technical observation Yesterday I predicted a possible decline in the value of EUR against the US dollar from the resistance zone 1.1186-1.1175 towards the supportive level 1.0986, however, this pair rose significantly penetrating above the zone and even hitting our stop loss. This is a sure indic More	Still long towards 1.3208 Technical observation Since its rejection within the supportive zone it established around 1.2270-1.2746, GBP has been rising steadily and I still expect more of this bullish movement today towards the resistance level 1.3208. If you bought this pair within 1.2270-1.2746 after a bounce, remain lon More	Wait Technical observation Yesterday USD declined breaking below a resistance level 106.75 with a big red candle. Price is still rallying below this level and i expect a correction to it followed by a rejection for a decline in price. Remain flat temporarily and wait for a correction to the key level 1 More
05 March	Remain short	Still long	Wait for a correction to re-sell
04 March	We're short within 1.1186-1.1175	Still long towards 1.3208.	Still short
03 March	We're flat temporarily	Buy GBP within 1.2770-1.2746	Wait
02 March	Wait for a correction	We're flat	We're short within 109.74-109.62

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Forex Technical Analysis: Trend potential

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