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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 and commodities. The analysis seeks to highlight potential breakout setups that can result in higher reward.

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.

28 January - 01
February
weekly
forecast
28 January - 01
February

  #GazpromNef, weekly Technical observation After breaking above a zone 344.91-339.89, the commodity on the weekly chart above established a key supportive zone with two retracements and is currently pulling back to it.My expectation is a rejection of it within the zone for possible bullish mom

2019 EURUSD GBPUSD USDJPY
01
February

Technical observation On the weekly chart above price is rallying below a resistance zone 1.1549-1.1464, my expectation is a loss of this bullish momentum within it followed by possible downwards movement towards the key level 1.0438.Should there be a clear penetration above 1.1549 with a big green

Technical observation A false breakout was seen when price went above the resistance zone 1.3145-1.3135 but could not be contained so it broke down before rallying towards 1.3048, right now it is rallying on an increasing bullish momentum and I expect a loss of this movement within the zone for pos

Technical observation On the hourly chart above USD is trading within a support 108.55 and a resistance zone 109.18-109.14, my expectation is a rise to the just broken zone followed by a bounce within it to pick short position with my take profit at 108.55 and stop loss at 109.35.In case there is a

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