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.

29 July - 02 August	weekly forecast 29 July - 02 August Remain short with #Tesla #IBM weekly Technical observation #IBM continues to rally upwards above the zone 140.20-137.91 it penetrated above a few weeks ago. My expectation is a pullback to the zone followed by a bounce within it for bullish movements towards the key line 172.70 and a possible breach above it for a furt More
2019	EURUSD	GBPUSD	USDJPY
02 August	Resell euro from 1.11296 Technical Observation EURUSD is currently trading with an increasing bearish bias momentum. Few days ago, the price went below the supportive zone 1.11228-1.11296 and is still rallying below this line. The break below this zone is a good sigh that the price is heading further to the lowerside,and More	Look for sell orders below the support trendline. Technical Observation GBPUSD is currently trading with an increasing bearish bias momentum. While the price is contained within the contracting wedge formation, we're looking for long term sell orders. Ideally, I'm waiting for a bounce from the upper trendline to look for long term sell orders tow More	Sell a breakout below 107.152. Technical Observation After bouncing from the upper trendline, the US Dollar continued to the lowerside but could not go below the daily support level 107.152. We're waiting for a clear sign that the price has gone below this support to pick a long term sell order. With this sell position, we expe More
01 August	Wait for a retracement	Wait for a correction to sell GBP	Remain flat
31 July	We're flat	Wait	Remain short towards 106.77.
30 July	Wait for a breakout	Wait for a retracement to sell.	We're short towards 107.08 .
29 July	Remain short	We're short	Sell USD within 108.86-108.68

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Forex Technical Analysis: Trend potential

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