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.

25 - 29 March	weekly forecast 25 - 29 March Remain short with #IBM #IBM weekly Technical observation Last week, #IBM went down as predicted and I still expect more bearish momentum of this company’s shares this week, if you picked short positions within the resistance zone 142.76-140.43 after a bounce, hold on to that position with your take profit at 109.78 a More
2019	EURUSD	GBPUSD	USDJPY
29 March	We're selling euro from 1.12485 Technical Observation Eurusd is trading with an increasing bearish bias momentum. Overal, this pair is in an active downtrend, and while the price remains below the two simple moving averages, I expect a further decline and may end up breaking below the recent lowest low 1.2215. On this chart, I o More	Look for a low risk buy from 1.30500 with your take profit at 1.33800. Technical Observation GBPUSD is currently bouncing off from the two Simple Moving Averages (50, 152). We recommend looking for buy orders while there is a buy signal. On its way upwards, the key lines to look for include 1.33800, 1.37130 and 1.42680. Any time the price approaches these lines, we'l More	On the sidelines Technical Observation On the 4 hour chart attached, the US Dollar have no clear direction. We're waiting for price to clear ascend above the slow moving average to pick a buy price to clearly break below 109.905 to confirm a possible bearish rally towards 107.915. On this chart, I'm looking at the More
28 March	We're flat	Remain flat temporarily.	Buy USD within 109.99-109.76
27 March	Remain flat	Sell GBP within 1.3237-1.3222	Remain long with your take profit at 112.63
26 March	We're short within 1.1327-1.1321	Remain short with your take profit at 1.2970	Remain short
25 March	We're neutral temporarily	Wait for a correction to 1.3225-1.3208 it to sell GBP.	Wait for a correction

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Forex Technical Analysis: Trend potential

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