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.

16 - 20 December	weekly forecast 16 - 20 December Weekly Review Technical Observation Brent oil is currently approaching a significant resistance trend line. This trend line has been several in the past as a significant resistance and while the price is not able to clear close above it,we choose to remain on the sidelines or wait for a bounce to pick a More
2019	EURUSD	GBPUSD	USDJPY
20 December	Sell EURUSD towards 1.09290. Technical Observation EURUSD is currently below the supportive zone 1.11725-1.11415. While the price contained below this zone, I expect further momentum to the lower side and should break below 1.09290 towards 1.08530. This bearish price rally is the supported by the fact that the price below the More	Sell GBPUSD with your take profit at 1.27. Technical Observation According to the chart attached, GBPUSD declined steeply and even went below the 50.0% fib level, this is in line with what we forecasted few days ago, now that the price is below 76.4% fib level, I expect further momentum to the lower side and should break below 1.2895 or ev More	Wait for a resell from 109.401. Technical Observation USDJPY is current in an active down trend. While the price is contained below these two simple moving averages and also below the resistance level 109.401, I expect further momentum to the lower side and should break below 109.155 towards 108.585. On its way to the lowerside, More
19 December	Sell EURUSD with your take profit at 50.0% fib level.	Sell GBPUSD towards 50.0% fib level.	Buy a break above 109.66.
18 December	Buy EURUSD now with your take profit at 1.1185.	Wait	Buy a break above 109.68.
17 December	Wait for a possible rebuy from around 1.1107-1.1115 with your take profit at 1.1199.	Wait for a bounce from 1.3205.	Wait
16 December	Remain long with your take profit at 1.1195.	Remain long, or wait for a correction to pick a buy towards 1.3525.	Buy USDJPY with your take profit at 109.95.

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.

© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.

Riston Capital Ltd (20623 BC 2012) with registered address at Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.

Forex Technical Analysis: Trend potential

Our best awards: