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.

04 - 08 November	weekly forecast 04 - 08 November Weekly Review Gas Weekly Review Technical Observation After establishing a swing low around 2.12, Natural gas retraced back to the upper side but could not go beyond the 23.6% fib level last week, However, earlier this week, Natural gas gaped above the 23.6% fib level and is still above this, we expect this More
2019	EURUSD	GBPUSD	USDJPY
08 November	Sell EURUSD with your take profit at 1.09630. Technical Observation EURUSD is currently in an active active downtrend. Following the break below the level 1.1075, I expect further momentum to the lower side and should head straight towards the level 1.09630 or the swing low. A bounce from the swing low will give us the best opportunity to pic More	Sell GBPUSD with your take profit at 1.25310. Technical Observation: Just as we stated earlier this week, GBPUSD rallied to the lower side and even went below the 38.2% fib level. This is a key line and while the price is contained below this line, I expect further momentum to the lower side and should take us towards the swing low 1.02048. O More	Wait Technical Observation After a gap to the upperside, the USDJPY established swing high around 109.50. This is a key weekly resistance and while the price is still contained below it, we expect a possible retracement back towards the 50.0% fib level. On its way downwards, the key lines to look for i More
07 November	Wait	Sell GBPUSD towards 23.6% fib level.	Wait and buy USDJOPY from 106.666.
06 November	Sell EURUSD from 38.2% fib level with your first take profit at 23.6% fib level.	Conservative traders can wait and buy a break above the swing high, or abounce from 50.0% fib level.	Wait
05 November	Remain long with your take profit at 23.6% fib level.	Rebuy GBPUSD from around 1.28833.	Buy a break above 108.733.
04 November	Remain long towards 23.6% fib level.	Wait for a sell from 1.2131700.	Expect a temporiry sell towards 106.66.

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Forex Technical Analysis: Trend potential

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