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.

17 - 21 April	weekly forecast 17 - 21 April Remain long with #WTI #WTI weekly Technical observation #WTI bounced within the zone it established at 66.33-64.20 and since then it has been trading with an increasing bullish bias, if you picked bullish positions within the zone I have mentioned above, remain in the trade with your take profit at the level 126.36 More
2023	EURUSD	GBPUSD	USDJPY
21 April	Wait Technical observation The pair on the chart above is trading with an increasing bearish bias slightly above a trend line as indicated above, my expectation is either a rejection of this downwards movement at the same line or a clear break below it with a big red candle, if price bounces at the li More	We are short towards 1.2197 Technical observation GBP broke below a line a shown above then pulled back to it and it was sustained below the line, right now the price is trading with an increasing bearish bias and as long as it is sustained below the level indicated above I expect a further surge to the lower side. My advice More	Remain short with your take profit at 132.20. Technical observation USD pulled back to the level 135.06 then bounced at it an since then it has been trading with an increasing bearish bias, today I expect a continuation of this downwards movement and in case you are holding short positions with this pair, i recommend you remain in the trade w More
20 April	Remain short with your take profit at 1.0319.	Pick short positions within the zone 1.2609-1.2669	We are flat
19 April	Remain short with your take profit at 0.9532.	Remain bearish with your take profit at 1.0368.	Remain long with your take profit at 148.66.
18 April	Expecting a rally towards 1.1074.	Remain bullish with your take profit at 1.2541.	Remain flat
17 April	Wait for a correction to the zone 1.0778-1.0789	Wait	Remain flat temporarily.

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Forex Technical Analysis: Trend potential

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