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.

04 - 08 June	weekly forecast 04 - 08 June Remain flat with Brent Brent weekly Technical observation After breaking up above a resistance zone 62.35-60.83.Brent retraced to the broken zone twice then rallied up towards a resistance 80.61,It was rejected and could not penetrate above it, right now it is below 80.16 and is still pretty much bullish, I expe More
2018	EURUSD	GBPUSD	USDJPY
08 June	Remain flat Technical observation Yesterday, EUR/USD rose towards the resistance 1.1944 but did not reach it, I still expect a rise in price up to 1.1944 and rejection from it for possible bearish momentum towards the zone 1.1730-1.1692.In case there’s a clear breach below 1.1692 with a big red candle, wait More	Short GBP/USD within 1.3605-1.3560 Technical observation GBP/USD is still rising towards the resistance zone 1.3605-1.3560 and I expect a rejection of it within the zone for possible bearish momentum towards 1.3302, I also expect a breakout below 1.3302 for a further decline in price towards 1.3054. I am waiting for the retracemen More	Long within 109.01-108.78 Technical observation Yesterday, USD/JPY was declining towards a support zone 109.01-108.78 and it is moving towards it right now. I don’t expect a breakout below the zone but a rejection of price within It for bullish momentum towards 110.92 and a possible breakout above it for a further r More
07 June	Remain flat	Remain flat	Wait for a correction to 109.01-108.78
06 June	Short EUR/USD now	Wait for a retracement to 1.3605-1.3560	Remain flat
05 June	Short EUR now	Remain flat temporarily.	Remain flat
04 June	Long EUR now	We're long	Remain flat temporarily.

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Forex Technical Analysis: Trend potential

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