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.

27 - 31 May	weekly forecast 27 - 31 May Remain Short with #WTI #HSI weekly Technical observation For the past several weeks, the commodity on the weekly chart above has been declining steadily towards a supportive level 26960, currently it is trading around the line on an increasing bearish momentum and my expectation is either a rejection at the line foll More
2019	EURUSD	GBPUSD	USDJPY
31 May	Remain flat Technical observation On The 4 hour chart above, price retraced to a resistance zone 1.1220-1.1214 but could not break above it and was rejected, it then decline d steadily towards a key level 1.1152 and is currently trading above it on an increasing bearish momentum. My expectation is a clear bre More	We're flat Technical observation Yesterday GBP declined to the line 1.2600 and is still trading around it, I expect a clear breakout below the support followed by a correction and a rejection at it for bearish price rally towards the level 1.2428.Remain flat and wait for a clear breakout below the above menti More	Remain short with your take profit at 108.68 Technical observation Yesterday USD corrected to the resistance level 109.68 as predicted and could not penetrate above it then was rejected at it before rallying downwards towards a support 108.68.Right now price is still trading on an increasing bearish momentum and I expect more of this movemen More
30 May	Remain flat	We're neutral	Re-sell at 109.68
29 May	We're short at at 1.1177	Still short towards 1.2600	Sell USD at 109.68
28 May	Wait for a breakout	Remain short with your take profit at 1.2600	Wait for a correction to 109.68
27 May	We're flat	Remain neutral	Remain flat

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Forex Technical Analysis: Trend potential

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