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.

18 - 22 February	weekly forecast 18 - 22 February Sell #IBM within 141.33-139.54 #IBM,weekly Technical observation #IBM shares are trading below a resistance zone 141.33-139.54 and I expect a bounce within it for possible bearish momentum towards 109.78.You can sell this commodity within the above mentioned zone after a rejection with your take profit at 109.78 and stop los More
2019	EURUSD	GBPUSD	USDJPY
22 February	We're short with our take profit along the lower supportive trendline. Technical Observation: The last two day;'s candle has been bearish pin bar candles. While the price is within the converging wedge formation. I expect a bounce from either the upper trendline or along the lower trendline. And should price breakout of this wedge formation, then I'll look for trade More	Wait for a breakout below 1.30213 to pick a sell. A bounce from the same level will call for a buy towards 1.30878. Technical Observation Yesterday, GBPUSD remained within a range, not going above 1.30878 or below 1.320213. Today, we're waiting for either a break below 1.30213 to pick a long term sell towards 1.28145 or a break above 1.30878 to pick a long term buy towards 1.3545. On this chart, the key lines t More	Sell USDJPY from the upper trendline towards 110.659. Technical Obseravtion The USDJPY is currently trading within a possible triangular formation. We're have the resistance trendline as the diagonal and the level 110.659 as the base of the triangle. While the price remains above 110.659, I expect this pair to remain within this shape, and should the More
21 February	We're short towards 1.1249	Remain neutral	Remain short with your take profit at 110.39
20 February	Remain short with your take profit at 1.1248	Wait for a pullback to 1.3316-1.3271 to sell GBP.	Remain short with your take profit at 110.34.
19 February	Wait for a correction to 1.1332-1.1325 to sell EUR.	Remain flat	Wait for a correction to 110.16-109.98 to buy USD.
18 February	Remain short with your take profit at 1.0437.	We're short towards 1.1532	Remain flat temporarily.

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Forex Technical Analysis: Trend potential

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