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.

22 - 26 May	weekly forecast 22 - 26 May We are flat with #Gas #Brent weekly Technical observation On the chart above, the value of #Brent is trading with an increasing bearish bias below the resistance zone 89.08-86.78 and as long as it is sustained below the same zone I anticipate a further momentum to the lower side. If you picked short positions withi More
2023	EURUSD	GBPUSD	USDJPY
26 May	Wait Technical observation On the chart above the price broke below the resistance zone 1.0767-1.0749 and it is currently trading with an increasing bullish bias, this upwards movement is a correction to the just broken line and I expect a possible rejection within it followed by a surge to the lower More	We are short Technical observation This week the price opened bearish below the resistance zone 1.2662-1.2575 and as long as it is sustained below this zone, I expect it to decline further, My advice, if you sold this pair within the zone I have indicated above, remain short with your take profit at 1.0368 an More	Remain long Technical observation Since it bounced within the supportive zone 128.11-122.8, USD has been trading with an increasing bullish bias and this week I anticipate a continuation of this upwards movement, In case you are already holding bullish positions with this pair, I recommend you remain in the More
25 May	We are bearish towards 1.0319	Expecting a rally towards 1.1688	Wait for a pullback to the zone 138.67-137.90
24 May	Remain bullish towards 1.1081.	We are flat	Wait for a pullback to the zone 137.70-137.36
23 May	We are short	Expecting a rally towards 1.0368	Remain long

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Forex Technical Analysis: Trend potential

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