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.

25 - 29 September	weekly forecast 25 - 29 September Bitcoin could retrace further Bitcoin Still Retracing Technical Observation Last week, Bitcoin recovered slightly the value it lost the previous week, but closed at 3600.97 by the end of that trading week. From this daily chart, this cryptocurrency could plummet further towards the daily support 2881.37. If this support is More
2017	EURUSD	GBPUSD	USDJPY
29 September	Remain short towards 1.1715 and 1.1448 Technical Observation On the weekly chart, Eur failed to breakout above 1.2116, instead, the price got rejected from this line and is currently retreating to the lower side. This is just a retracement rally to the lower side towards 1.1448. On the way downwards, key a key support line can be seen More	Look for a long position towards 1.4735 Technical Observation Recently, Gbp broke out above 1.3363 with a big green candle, retraced back to it, but could not penetrate below. I'm waiting for a rally to the upper side, then a second retracement to this line to pick a long position with my take profit at 1.4735. As it is, Gbp is bullish a More	Remain long towards 113.19 Technical Observation Usd is currently trading slightly above its daily pivot line 112.59. Unless there's a clear breach below this pivot, I expect a rise towards 118.00. On the way upward, key resistance line can be seen around 113.39, 114.05 and 116.00. If these lines are clearly breached, then a More
28 September	Remain short towards 1.1460	Remain short temporarily	Wait and Buy Usd around 112.59 towards 118.00
27 September	Sell Eur now towards 1.1790.	Sell Gbp around 1.3474 with your take profit at 1.3200	Buy Usd above 112.44 towards 118.00
26 September	Flat	Intraday traders should look for a short position around 1.3400.	Short Usd around 111.78 towards 107.50
25 September	Eur buy around 1.1893-1.1862	Gbp Buy place	Flat

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.

© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.

Riston Capital Ltd (20623 BC 2012) with registered address at Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.

Forex Technical Analysis: Trend potential

Our best awards: