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.

07 - 11 August	weekly forecast 07 - 11 August Weekly Review NASDAQ 100 Index Review Technical Observation; Last week, instead of continuing long NASDAQ 100 Index consolidated above all the three exponential moving averages and most importantly above the daily support line 5881.8. I'm waiting for a clear buy signal towards 6050.00, and could break high More
2017	EURUSD	GBPUSD	USDJPY
11 August	Watch for retracement towards 1.1459. Technical Observation The most important reference points in this pair includes 1.1459, 1.1616 and 1.1714. If the price can break below the first important reference point 1.1459, I expect a decline to the lower side probably towards 1.0520. A rejection from either 1.1714, 1.1616, or 1.1459 will ca More	Wait and Buy Gbp around 1.2752 Technical Observation Gbp is currently trading slightly below its daily pivot line 1.29801. Since the previous forecast, nothing has charged much, I still expect a decline in price towards the daily support line 1.2752. If you're an intraday trader, you could short this pair now and have your take More	Waiting for a close below the lower trendline Technical Observation Recently, Usd descended below the supportive trend line and is still below it. This is an onset to bearish breakout and unless price comes back and close above this trend line, I expect a minor pullback to the just broken trend line and also towards 110.25 to pick a short posi More
10 August	Retracing	The best place to buy Gbp around 1.2752	Look for buy positions
09 August	Look for short positions towards 1.1459.	Declining towards 1.2752	Looking to buy Usd
08 August	Wait for bearish retracements	Remain flat	Flat
07 August	Still very bullish	Look for long positions towards 1.3461	Looking to short Usd

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Forex Technical Analysis: Trend potential

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