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.

21 - 25 August	weekly forecast 21 - 25 August Weekly Review Gas Review: Technical Observation Last week, gas plummeted in price despite the previous analysis that it could rise towards 4.00. This plunge in price is a retarcement on the monthly chart, thus, if you’re a position trader and had longed gas on the monthly chart, its better to leave this More
2017	EURUSD	GBPUSD	USDJPY
25 August	Flat Technical Observation Eur is currently rallying within a converging wedge. I'm keenly waiting for a breakout below the wedge to pick a short position towards 1.1778. On the way down, a key support can seen around 1.1752, if this support is broken, then a rally towards 1.1715 is expected. On the h More	Short Technical Observation After breaking below the support line 1.2848, Gbp retraced back to the same zone but go rejected, I'm waiting for a second pullback to this line to pick a short position towards 1.2765. As it is, Gbp is still bearish and could plummet further towards 1.26 or even lower. On the More	Remain long Technical Observation On the daily chart above, Usd has just bounced off from a key daily support trend line. Unless this trend line is clearly breached to the lower side with a big green candle, I expect rally towards the upper resistance trend line. On the way upwards, key resistance lines can More
24 August	Long Eur now towards 1.1824	Wait for a breakout below 1.2778 to pick a short position towards 1.2713	short
23 August	Wait and buy Eur around 1.1497 towards 1.2540.	Wait and sell Gbp around 1.2842.	Look for long positions towards 115.09.
22 August	Wait for a break below 1.1718 to short Eur towards 1.1478	Look for short positions towards 1.288	Wait for pullback
21 August	Wait and buy Eur around 1.1422 towards 1.1503.	Buy Gbp around 1.2762 with a take profit at 1.3493.	Buy Usd along the lower trend line towards the upper trend line

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: