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.

11 - 15 November	weekly forecast 11 - 15 November Weekly Review Natural Gas Weekly Review Technical Observation After established a swing high around 4.990, Natural gas rallied intesly to the lowerside and even established a swing low around 2.030. We expect the current move to the upperside to be a retracement rally and should not go beyond 50.0% fib le More
2019	EURUSD	GBPUSD	USDJPY
15 November	We're expecting a possible move towards 1.1070. Technical Observation Yesterday, EURUSD bounced off perfectly from the swing low 1.0995 and is currently heading to the upperside, we expect the current move to the upperside to be a retracement to the upperside but should not go beyond the level 23.6, if this fib level is broken to the upperside t More	Wait for a bounce from the upper trendline to pick a sell. Technical Observation GBPUSD is currently rallying between a falling channel formation. We expect the upward rally which began yesterday to continue to the upperside but should not go beyond the upper trendline. In case the price successfully break and close above this trend line, then I will be More	Wait for a buy from 108.441. Technical Observation Few days ago, after breaking above 108.441, the Us Dollar pulled back to the lowerside but could not go beyond the same level to the lowerside, while the price is contained above this level, I expect a possible momentum to the upperside and should go above 112.680 but should n More
14 November	Sell a break below 1.1000 or a bounce from 1.1040.	Wait for a rebuy from 50.0% fib level.	Wait for a rebuy from 108.441.
13 November	Sell EURUSD with your take profit at 1.09170.	Wait for a buy from around 1.26696.	Wait for a rebuy from 108.441.
12 November	Sell EURUSD towards 1.08895.	Waiting for a resell from 1.28819, or a break above to pick a buy.	Buy USDJPY now with your take profit at 109.440.
11 November	Sell EURUSD from 1.10752 to pick a sell towards 1.09170.	Sell GBPUSD from 23.6% fib level towards 50.0% fib level.	Remain short with your take profit at 108.015.

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Forex Technical Analysis: Trend potential

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