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.

13 - 17 March	weekly forecast 13 - 17 March Remain bearish with #HSI #Brent weekly Technical observation Last week the value of the commodity on the weekly chart above declined with a big red candle after it bounced within the zone 89.08-86.78, and this week as long as it is sustained below the zone I have mentioned above, I expect a continuation of this down More
2023	EURUSD	GBPUSD	USDJPY
17 March	Wait for a pullback to the zone 1.0749-1.076 Technical observation On the chart above, the price is retracing to a resistance zone it established at 1.0749-1.0760 and I expect a possible loss of this upwards movement within the same zone followed by a momentum to the lower side. My advice, remain flat and wait for a pullback to the zone indi More	Expecting a rally towards 1.2250 Technical observation On the chart above, the price has been rising steadily for a while now and it is currently trading with an increasing bullish bias slightly below the resistance zone 1.2250-1.2267; I expect s rejection of price within the same zone followed by a correction to the level 1.1821 More	Remain short with your take profit at 127.21 Technical observation USD pulled back to the resistance level 134.83-135.15 then bounced at it and since then it has been trading with an increasing bearish bias. As long as the value of this pair is sustained below the zone I have mentioned above I expect it to decline further and if you are curre More
16 March	Remain neutral temporarily.	We are bullish towards 1.2650	Remain short with your take profit at 126.78.
15 March	Expecting a rally towards 1.0460.	We are bearish towards 1.1797	Expecting a momentum towards 139.67
14 March	Remain short	Remain bearish with your take profit at 1.0368.	Wait
13 March	Remain flat temporarily.	Remain short towards 1.1915	Wait for a correction to the zone 135.35-135.17

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Forex Technical Analysis: Trend potential

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