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.

26 - 30 August	weekly forecast 26 - 30 August Weekly Review Magnit Weekly Review Technical Observation Few days ago, after breaking below the channel shape above, the shares of this company has been in an active down trendline. Currently the price is around a verified support zone 3517.6. This level has been tested, not once but twice, while the price i More
2019	EURUSD	GBPUSD	USDJPY
30 August	Wait for retracements towards 1.10793 to pick a low risk sell order. Technical Observation Yesterday, EURUSD went striaght to the lowerside and is now below a significant level 1.10793. This is a key daily level and while the price is held below it, I expect nothing but a possible momentum further to the lowerside. If the current week's candle candle close below 1.0 More	Buy a bounce from 1.21217. Technical Observation GBPUSD continues to pullback to the lowerside but is still above a key level 1.21653-1.21217. This is a key zone and while the price is above it, I'm waiting for a pullback towards it to pick a low risk buy order towards 1.21011. On its way to the upperside, the key lines to l More	Sell a bounce from 107.126. Technical Obsertervation USDJPY is currently consolidating within a range not going above 107.126 or below 105.181. These are key levels and while price is contained within these ranges, we choose to remain flat, the idea is to wait for a bounce from 107.126 to pick a long term sell, while a bounc More
29 August	Wait for a bounce from around 1.10330 to pick a buy.	Place a pending buy limit order around 1.21733 towards 1.23080.	Sell a bounce from 106.260.
28 August	Look for sell orders towards 1.10514.	Look for sell orders towards 1.22281.	Buy a bounce from 105.570.
27 August	Sell a break eblow 1.10900 with your take profit at 1.10470.	Remain short towards 1.21600.	Wait for a low risk sell from 106.885.
26 August	Sell EURUSD from1.11615 with your take pofit at 1.10230.	Rebuy GBPUSD from 1.21575 towards 1.23170.	We're waiting for a sell from either 105.40 or 106.940.

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: