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.

12 - 16 March	weekly forecast 12 - 16 March Buy Brent around (62.25-60.83) Brent weekly Technical observation During the previous weeks, Brent traded above a support zone (62.25-60.83), while on an upward trend. Currently Brent is rallying towards the zone and I expect a rejection of it within or around the zone to buy Brent towards 70.16,I also expect a possible break More
2018	EURUSD	GBPUSD	USDJPY
16 March	Remain flat Technical observation On the chart above,EURUSD is rallying above a key zone (1.2215-1.2183),I expect either a correction to the zone or a rise in price towards 1.2503 and a break out above it.I would advise you remain flat and wait for a breakout above 1.2503 or a retracement to (1.2215-1.2183) More	Wait for a correction to rebuy Technical observation GBP is correcting to the key zone (1.3789-1.3756),I expect a rejection of it within or around the zone followed by bearish movement of price towards the 1.4360 or even a breakout above it and a further rise in price.Im waiting to long the pair within or around the zone towar More	Wait for a breakout below 105.52 Technical observation On the chart above, USD is rallying towards a key line 105.52, Previously, USD retraced at a key zone (108.06-107.78), recently, price failed to pull back to the zone and is rallying towards 102.85,I expect a breakout below 105.52 and a correction to it followed but a declin More
15 March	Remain flat	Wait for a retracement to (1.3789-1.3756)	Wait for a breakout below 105.52
14 March	Wait for a breakout above 1.2503	Wait for a pullback	short around (108.06-107.78)
13 March	Wait for a pullback to rebuy	Wait for a correction to (1.3789-1.3756)	Wait for a pullback
12 March	Buy EUR now	Buy GBP now	Short USD now

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Forex Technical Analysis: Trend potential

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