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 December 2019 - 03 January 2020	weekly forecast 30 December 2019 - 03 January 2020 Weekly Review Brent Oil weekly Review Technical Observation Brent oil is currently in an trend. While the price is contained above the Simple Moving Average attached, I expect further momentum to the upper side and should break and close above 68.67. If you are not already in a long position now, you could More
2019 - 2020	EURUSD	GBPUSD	USDJPY
03 January	Sell EURUSD towards 1.11271. Technical Observation Few days ago, EURUSD established a resistance around 1.12213 and could not breakout any higher. Following this bounce, EURUSD went to the lower side and is now below 1.11881, we expect the current bearish price rally to continue even lower towards 50.0% fib level. On its way More	Expect a possible rally even lower towards 1.29049. Technical Observation GBPUSD corrected itself to the lower side and is currently approaching the fib level 61.8%/ I expect a steep bearish price rally and should break below 1.31025 towards 1.30270. If this level is broken, then we are still downwards towards 1.29049. On this chart, I expect furth More
02 January	Sell EURUSD towards the supportive trendline.	Buy a break above the previous day;s highest high.	Sell USDJPY with your take profit at 105.575.

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Forex Technical Analysis: Trend potential

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