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.

17 - 21 September	weekly forecast 17 - 21 September Wait for a correction to 64.18-61.54 to buy #WTI Brent weekly Technical observation Last week Brent retraced to the resistance zone 80.16-78.85,price closed below it and could not penetrate above it, currently it is still retracing to the above mentioned zone and I expect a rejection within it followed by bearish momentum towards 61.32 and a More
2018	EURUSD	GBPUSD	USDJPY
21 September	Remain flat temporarily. Technical observation EUR/USD Is currently trading with an increasing bullish momentum. For several days now, this pair has been has been rallying upwards and is currently approaching a key resistance zone 1.1872-1.1849, unless a clear breakout is seen above this zone, I expect a surge a bounce from More	Remain flat temporarily. Technical observation GBP/USD is rising steadily towards the resistance 1.3319, I expect a bounce of price at it for possible bearish momentum toward 1.3056 or a possible breach above it with a big green candle followed by a correction to it for a possible bullish momentum towards the resistance 1.3 More	Wait for a correction to 112.53. Technical observation A clear breakout was seen recently when price went above the resistance 112.53 with a big green candle and is still rising. I expect a correction to the just broken line followed by a bounce at it for possible bullish momentum towards 113.18 and a possible breakout above it for More
20 September	Remain flat	Re-buy within 1.3056-1.3025	Wait
19 September	Remain flat	Remain long	Remain long
18 September	Remain flat	Buy within 1.3056-1.3025	Remain long
17 September	Wait for a correction to 1.1539.	Buy GBP/USD within 1.3056-1.3025	Buy USD/JPY within 111.79-111.72.

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Forex Technical Analysis: Trend potential

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