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.

16 - 20 April	weekly forecast 16 - 20 April Wait for a correction to buy Brent Brent weekly Technical observation On the weekly chart above, Brent broke above the key line 70.16 with a big green candle and is currently pulling back to it.I expect a rejection of it within the line or a round it for bullish movements of Brent towards the key line 80.61 and a breakout above i More
2018	EURUSD	GBPUSD	USDJPY
20 April	Wait for a correction Technical observations Yesterday,EUR went down as predicted and is currently rallying down towards the key line 1.2316,I expect either a breakout below the line or a correction to the zone (1.2386-1.2379).If price corrects to the zone wait for a rejection within the zone to sell EUR towards the l More	Wait for a pullback to sell Technical observation As I predicted yesterday,GBPUSD went down and even broke below the lower key line 1.4143,currentlt it is rallying below the broken line and I expect a correction to it and a rejection of price for a possible bearish move towards the lower key line 1.3987,I would advise you w More	Looking to sell Technical observation On the daily chart above,USDJPY retraced at a key zone( 107.91-107.70) thrice before moving down, currently price is within the zone and I expect a rejection of it within it for a possible bearish move towards the key line 104.64,I would advise you wait for a close within t More
19 April	Sell EUR within (1.2387-1.2381)	Wait for a correction to sell	Sell USD now
18 April	Remain flat	Buy GBP now	Wait for a close within (107.52-107.31)
17 April	Remain flat	Wait for a correction to buy GBP	Remain short
16 April	Buy EURUSD	Remain flat temporarily.	Sell USD now

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Forex Technical Analysis: Trend potential

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