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.

03 - 07 April	weekly forecast 03 - 07 April Remain neutral with #CAC40 #CAC40 weekly Technical observation #CAC40 rose to the resistance level 7402.7 but did not break above it; instead it bounced at it and it is currently trading with an increasing bearish, I expect a continuation of this downwards movement to the supportive zone 5768.4-5682.1 followed by either a More
2023	EURUSD	GBPUSD	USDJPY
07 April	Remain short with your take profit at 1.0240. Technical observation On the chart above the price bounced within the zone 1.0985-1.0953 then declined with a big red candle and as long as it is sustained below the zone I have mentioned above, I expect a continuation of this downwards movement. If you sold a bounce within the zone indicated above More	Remain neutral temporarily. Technical observation GBP is pulling back to the resistance zone it established at 1.2630-1.2528 and I expect either a rejection within this zone or a clear break above with a big green candle. My advice, if there is a bounce within the zone 1.2630-1.2528; sell this pair within the same zone with More	Wait for a correction to the zone 126.23-127.27 Technical observation This week USD has been trading with an increasing bearish bias and I expect it to close bearish. This downwards movement is a pullback to the resistance zone 126.23-127.27 and next week I anticipate a further momentum to the same zone followed by a possible bounce within it. More
06 April	Remain long with your take profit at 1.1034.	Wait for a correction to the zone 1.2186-1.2207
05 April	Wait	Sell GBP within the zone 1.2669-1.2609	Remain short with your take profit at 126.78
04 April	Wait	Wait for a correction to the zone 1.2213-1.2202	Remain long with your take profit at 135.06.
03 April	Remain short with your take profit at 1.0240.	Sell GBP within the zone 1.2669-1.2609	Wait for a pullback to the zone 138.67-137.90

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Forex Technical Analysis: Trend potential

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