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.

02 - 06 January	weekly forecast 02 - 06 January Buy #NQ100 within the zone 10689.3-10455.3 #NQ100 weekly Technical observation #NASDAQ pulled back to the supportive zone it established at 10689.3-10455.3 and it is currently trading within it with an increasing bearish bias. I expect a rejection of this downwards movement within the zone I have mentioned above followed by a rally to More
2023	EURUSD	GBPUSD	USDJPY
06 January	Looking to buy within 1.0477-1.0462 Technical observation On the chart above price is trading with an increasing bearish bias slightly above the supportive zone 1.0477-1.0462 and I expect it to continue to the same zone then bounce within it. My advice, remain neutral and wait for a correction and a bounce within the zone I have ment More	Remain flat Technical observation On the 4 hour chart above, GBP has been trading with an increasing bearish bias for some time now and today I expect a continuation of this downwards momentum. The anticipated surge to the lower side is a correction to the supportive zone 1.1689-1.1644 and I expect a rejection More	Wait for a correction to the zone 138.00-137.65 Technical observation USD declined to the supportive level 129.83 but could not break below it, instead it bounced at the same level and since then it has been trading with an increasing bullish bias. My expectation is a continuation of this upwards movement to the resistance zone 138.00-137.65 fo More
05 January	We are flat	Expecting a correction to the zone to buy GBP	Remain short
04 January	We are short towards 0.9532	Expecting a surge towards 1.0368	Wait for a pullback to the zone 134.17-133.08
03 January	Wait	Wait for a correction to the zone 1.1690-1.1623	We are bearish towards 126.78
02 January	Expecting a rally towards 1.0936	We are neutral	Wait for another correction to the level 131.69

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Forex Technical Analysis: Trend potential

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