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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 and commodities. The analysis seeks to highlight potential breakout setups that can result in higher reward.

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.

06 - 10
November
weekly
forecast
06 - 10
November

 #FTSE100 weekly Technical observation On the weekly chart above, the value of #FTSE100 is trading with an increasing bullish bias between the supportive zone 6861.2-6801.1 and a resistance level 8039.6, this upwards movement is a slight rally to the upper side and I expect a loss of it followed

2023 EURUSD GBPUSD USDJPY
10
November

Technical observation EUR retraced to a resistance zone 1.1155-1.1219 then bounced within it before declining to a trend line as indicated above. This week the value of this pair retraced to the upper side and I expect a continuation of this upwards movement to the zone I mentioned earlier to re-s

Technical observation On the weekly chart above, the value of GBP declined to a lower trend line as shown above then bounced at it, currently the price is trading with an increasing bullish bias and I expect a further surge to the upper side to the level 1.3084 followed by a rejection of price at

Technical observation This week the value of USD has been trading with an increasing bullish bias at the level 151.35 and I expect it to close bullish, I also anticipate either a possible break above the level indicated above with a big green candle or a rejection of price at it, If you are holdin

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