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.

17 - 21 June	weekly forecast 17 - 21 June Buy Microsoft shares from 123.80. Gazprom Weekly review Technical Observation Overall, Gazprom is in an active uptrend. While the price is contained above the zone 171.16-166.27, I expect further rally to the upperside. Last week, nothing much has happened on the shares of this company, the past two weeks has seen the shar More
2019	EURUSD	GBPUSD	USDJPY
21 June	We're flat Technical observation Yesterday EUR sent a tail to the supportive zone it established around 1.1262-1.1257 but price could not reach the zone and was rejected just above it before starting to rise. Right now EUR is still trading on an increasing bullish bias and I expect more of this movements tow More	Wait Technical observation On the chart above price is trading below a zone 1.2758-1.2745 on an increasing bullish momentum and I expect either a loss of this movement within it for possible bearish movements of price, or a clear breakout above the zone with a big green candle and a retracement to it f More	Wait for a correction to sell USD. Technical observation On the daily chart above, price declined and penetrated below a support 107.64 with a big red candle and is still rallying downwards. My expectation is a pullback to the just broken line followed by a rejection within it for a surge to the lower side. Wait for a correction More
20 June	Looking to buy EUR	Flat	Remain short
19 June	Remain flat	We're flat	Remain short
18 June	Sell Euro below 1.11465 towards 1.04056.	Sell GBPUSD below 1.25265 with your take profit at 1.2405.	Wait for a sell below 107.990 towards 105.22.
17 June	Sell Eurusd from 1.13560.	Wait and sell GBPUSD below 1.25800 towards 1.2451.	Place a pending sell limit order at 109.229 with your first take profit at 107.725

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Forex Technical Analysis: Trend potential

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