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.

12 - 16 November	weekly forecast 12 - 16 November Wait for a correction to 904.70 to buy platinum. Brent weekly Technical observation On the weekly chart above, Brent has been plummeting steadily towards 62.19 with last week’s candle closing bearish. The current candle is bullish but it might close at the end of the week as bearish. My expectation is either a correction More
2018	EURUSD	GBPUSD	USDJPY
16 November	Re-sell EUR at 1.1351 Technical observation EUR/USD went down as predicted but could not reach the supportive line 1.1217, price then corrected to the resistance line 1.1351 but was rejected and could not penetrate above it and is currently rallying towards 1.1217. I expect a possible breakout below it followed by a corr More	Wait for a pullback to 1.2843 to sell GBP/USD. Technical observation Yesterday, GBP/USD was rejected within the resistance zone 1.3037-1.3027 as I predicted, price then declined massively towards the support 1.2843 and even broke below it before moving down to 1.2731, my expectation is a correction to the just broken line 1.2843 followed by a re More	Wait Technical observation On the hourly chart above price went down towards 113.05 but could not penetrate below it then retraced to 113.65-113.62 and was rejected within the zone before rallying down. Right now it is moving towards the above mentioned zone and I expect nothing but a rejection within it More
15 November	Short EUR at 1.1351	Wait for a correction to 1.3044-1.3036	We're short within 113.66-113.62
14 November	Sell EUR now at 1.1307	We're flat	Wait for a correction to re-buy
13 November	Sell at 1.1298.	We're short at 1.2906	Remain flat
12 November	Wait	Sell GBP/USD within 1.3417-1.3308	Short USD within 114.84-111.08.

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.

© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.

Riston Capital Ltd (20623 BC 2012) with registered address at Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.

Forex Technical Analysis: Trend potential

Our best awards: