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.

02 - 06 July	weekly forecast 02 - 06 July Short Brent now Brent weekly Technical observation While on a upward trend, Brent retraced at a support 61.32 twice before rising up towards a resistance zone 80.61-78.85.It was rejected from the zone and could not penetrate above it price went down but did not reach the support then rose again to 80.61-7 More
2018	EURUSD	GBPUSD	USDJPY
06 July	Short EUR within 1.1722-1.1703 Technical observation Yesterday the pair on the daily chart above pulled back to the resistance zone 1.1722-1.1703, it could not penetrate above it and was rejected. Currently price is still rally to the zone and I expect a rejection of it within the zone for possible bearish momentum towards the s More	Remain short Technical observation Yesterday, the pair on the daily chart above went down and I still expect a bearish momentum towards 1.3057,in case you sold the pair yesterday, remain short with your ideal target at 1.3057 and stop loss slightly above 1.3317.If you are not in a trade yet, wait for a correcti More	Remain flat temporarily. Technical observation Yesterday instead of moving down, USD pulled back towards 111.21-110.92 and currently is still rising towards the zone, I expect a rejection of it within the zone for bearish movements of price or a breach above the zone with a big green candle followed by a correction to it f More
05 July	Remain flat	Place a pending sell order within 1.3317-1.3283	We're short
04 July	Short EUR within 1.1861-1.1830	Short GBP around 1.3317-1.3283	Remain short
03 July	Remain flat	Remain flat	Sell USD/JPY within 111.21-110.92
02 July	Buy EUR within 1.1598-1.1513	Wait for a correction to 1.3423-1.3297	Remain flat

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Forex Technical Analysis: Trend potential

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