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.

11 - 15 September	weekly forecast 11 - 15 September Weekly Reviews Silver Buy Signal Technical Observation As I said on the previous analysis, silver broke out above the resistance line 17.72, retraced back to it and is currently showing signs of sustaining this breakout. First, the break above 17.72 was a bullish indication and unless the price gets back ag More
2017	EURUSD	GBPUSD	USDJPY
15 September	Flat Technical Observation: For the better parts of this week, Eur has been in a downtrend rallying even lower than I had stated in the other day's analysis. According to the weekly chart above, Eur is currently way below its weekly pivot line 1.1999 and unless there's a breakout above this pivot line More	Remain long towards 1.3479 Technical Observation: Recently, there was a tremendous rise in price with Gbp almost reaching my take profit set at 1.3475. Today, I still expect a rise towards this resistance or even a breakout above it to continue long towards 1.4455. As it is, Gbp is very bullish and only long positions can More	Flat Technical Observation: Recently, Usd spiked to the upper side thereby sending its tail towards the daily resistance line 110.90 but could not breakout above. This is a bearish signal, and unless there's a clear bullish breakout above this line, I'm patiently waiting for a clear rejection from thi More
14 September	Wait for a breakout below 1.1866	Bulls in control	Short for Intraday traders
13 September	Remain long towards 1.2611.	flat	Remain long towards 112.03
12 September	Remain long towards 1.2611.	Remain long towards 1.3321.	Look for a long position.
11 September	Remain long towards 1.2554	Remain long towards 1.3311.	Remain long towards

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Forex Technical Analysis: Trend potential

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