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 September	weekly forecast 16 - 20 September Buy Gold from 1470.45 Gold Weekly Review Technical Observation: Last week, We expected a continuation of the previous up trend, but, instead of price continuing to the upperside, Gold markets retraced back to the lowerside and even went below the three Moving Averages forming part of the trend indicator. While the More
2019	EURUSD	GBPUSD	USDJPY
20 September	Sell a bounce from the upper trendline. Technical Observation: EURUSD is currently trading within a rising channel formation. While the price is contained within this shape formation, I'm waiting for a bounce from the upper trendline to pick a sell order. This sell order looks more ideal than a buy from the lower supportive trendlne. If More	Buy GBPUSD from 1.25187 Technical Observation Yesterday, GBPUSD continued significantly to the upperside and is still above the zone 1.25187-1.25084, while the price is contained above this zone, I'm expecting further momentum to the upperside with the next ideal take profit at 1.25755 and could breakout even higher. On More	Sell USDJPY towards 104.895. Technical Observation yesterday, EURUSD traded intensely to the lower side and even went below the trend indicator marked above. While the price remains below this trend indicator, We expect a possible momentum to the lowerisde and could head towards 104.160. On its way to the lower side, the level More
19 September	Only sell a break below 1.09425.	Buy a break above 1.25140.	Look for buy positions towards 110.110.
18 September	Sell EURUSD with your take profit at 1.09965	Sell GBPUSD with your take profit at 1.23927.	Sell USDJPY from 108.259 with your take profit at 107.535.
17 September	Sell EURUSD towards 1.09440.	Rebuy GBPUSD from 1.23870.	Buy USDJPY with your take profit at 110.01.
16 September	Look for sell orders from 1.10753 with your first take profit at 1.09440.	Rebuy GBPUSD from 1.23870.	Rebuy USDJPY from 106.825 with your target at 108.220.

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Forex Technical Analysis: Trend potential

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