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.

19 - 23 November	weekly forecast 19 - 23 November Buy Brent within 68.64-66.87 Brent weekly Technical observation Brent has been declining steadily towards the key supportive zone 68.64-66.87 and I expect a rejection of it within the zone for possible bullish movements towards the resistance line 86.44 and a possible breakout above it for a further rise in price towards 1 More
2018	EURUSD	GBPUSD	USDJPY
23 November	Sell EUR at 1.1528 Technical observation EUR/USD is still rallying on a bullish momentum towards 1.1528 and as long as price remains below this level bearish momentum is expected towards 1.1216.Right now my expectation is a correction to the key level 1.1528 and a bounce at it for possible downwards movement of EUR to More	Remain flat temporarily. Technical observation GBP/USD did not penetrate below the support level 1.2696 but instead it went up and is still rising towards the resistance zone 1.3301-1.3268, I expect a rise to the zone and a rejection within it to re-sell GBP with my ideal target at 1.2696, should there be a clear break abov More	We're long within 111.84-111.63 Technical observation USD/JPY established a key support zone around 111.84-111.63. Currently price is rallying on a bearish momentum towards the zone and as long as it is contained above it only bullish movements of USD can be expected. My expectation is a rejection within the zone for possible bul More
22 November	We're short at 1.1528	Remain flat temporarily.	We're long within 111.63-111.40
21 November	We're short towards 1.1217.	Remain flat	Buy USD within 112.72-112.66
20 November	We're short at 1.1517	Wait	Wait for a correction to 112.72-112.66
19 November	Buy EUR within 1.1454-1.1376	Buy within 1.2829-1.2731	Remain flat temporarily.

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Forex Technical Analysis: Trend potential

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