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.

05 - 09 November	weekly forecast 05 - 09 November Sell Brent within 80.71-79.28 Brent weekly Technical observation Brent is still declining towards the support 62.19 and I expect a loss of this momentum followed by a correction to the just broken zone 80.71-79.28 for possible downwards movements to 62.19 and a clear breach below it for further bearish movements towards 43. More
2018	EURUSD	GBPUSD	USDJPY
09 November	Remain short towards 1.3316. Technical observation EUR was rejected at 1.1534 and is now plummeting towards the support 1.3316, my expectation is either a bounce at 1.3316 followed by a correction to 1.1534 for further bearish momentum or a clear breach below 1.3316 followed by a correction to it for downwards momentum. If you More	Buy GBP within 1.3027-1.3013 Technical observation GBP/USD is declining steadily towards the key supportive zone 1.3027-1.3013 and I expect nothing but a rejection within it followed by bullish momentum towards 1.3243, I’m looking to long this pair within 1.3027-1.3013 with my take profit at 1.3243 and stop loss slightly More	Pick long positions within 112.00-111.76 Technical observation USD/JPY was rejected around the resistance 114.53 and is now correcting to the support 112.00-111.76 and I expect a rejection within it for possible bullish momentum towards 114.53 and a break above it for a further rise in price. Should there be a clear break below 112.00-11. More
08 November	Sell EUR at 1.1534	Pick long positions within 1.3027-1.3015	Wait for a correction
07 November	Short EUR at 1.1534	Buy GBP within 1.3027-1.3013	Wait for a retracement to buy USD.
06 November	We're short at 1.1411	We're flat	Wait for a correction
05 November	Buy EUR now within 1.1457-1.1380	We're short within 1.3417-1.3308	Sell USD within 114.84-114.08

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Forex Technical Analysis: Trend potential

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