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.

29 August - 02 September	weekly forecast 29 August - 02 September Wait for a correction to sell #HSI HSI weekly Technical observation Last week the value of #HSI is rose with a big green candle and closed bullish between the supportive level 17385 and a resistance zone 22455-22167, and this week I expect a continuation of this upwards movement to the zone mentioned above followed by a rejection More
2022	EURUSD	GBPUSD	USDJPY
02 September	Remain flat. Technical observation On the hourly chart above price has been trading with an increasing bullish bias for several hours now and I still expect further bullish movements of price. As it is on the chart above, I would recommend that you remain neutral and wait for a correction to the resistance zon More	Wait Technical observation GBP declined to the supportive level 1.1521 but could not break below it, instead it bounced at the same level and it is currently trading with an increasing bullish bias, this upwards movement is a correction to the resistance zone price established at 1.1738-1.1726 and I exp More	We are neutral. Technical observation USD bounced at the resistance level 140.33 and it is currently trading with an increasing bearish bias and as long as it remains below the same line, I expect a continuation of this downwards movement to the supportive level 138.17. My advice, remain flat an wait for a correc More
01 September	Looking to sell within 1.0110-1.0091	Remain neutral.	Wait for a correction to buy USD
31 August	Wait for a pullback to re-sell eEUR	Expecting a surge to 1.1410	we are flat
30 August	Expecting a pullback to the zone 1.0830-1.0773	Expecting a rally to 1.1436	We are neutral.
29 August	Wait	Expecting a pullback to the zone 1.2073-1.2088	Wait for a correction to the zone 127.25-126.67

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Forex Technical Analysis: Trend potential

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