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.

18 - 22 July	weekly forecast 18 - 22 July Remain long with #Gas ESTX50 weekly Technical observation #ESTX50 closed bearish above the supportive level 3378.3 and this week I expect bullish movements towards the resistance zone it established at 4006.1-3969. My advice, remain flat and wait for correction to the zone mentioned above then pick short positions w More
2022	EURUSD	GBPUSD	USDJPY
22 July	We're short towards 0.9988 Technical observation On the chart above price retraced to the resistance zone it established at 1.0265-1.0248 but could not break above it, instead it bounced within the same zone and currently it is trading with an increasing bearish bias. As long the value of EUR is sustained below the zone men More	Expecting a rally to the level 1.1775 Technical observation GBP is trading with an increasing bearish bias below a resistance zone it established at 1.2048-1.2030 and my expectation is a continuation of this bearish movement to the supportive level 1.1775.If you are currently holding bearish positions, I would advise that you remain More	We are neutral. Technical observation On the 4 hour chart above price has been trading with an increasing bearish bias for some time now and I expect a continuation of this bearish movement to the supportive zone 134.77-134.52. I would advise that you remain flat and wait for a correction to the zone I have mentio More
21 July	We are neutral.	Wait for a pullback to the zone 1.2100-1.2024	Wait for a correction to buy USD
20 July	Sell EUR within 1.0244-1.0230	Re-sell GBP within 1.2155-1.2175	Remain flat.
19 July	We are neutral.	Wait for a retracement to the zone 1.2656-1.2617	Wait for a correction to the zone 127.35-126.81
18 July	Expecting a pullback to the level 1.0349	Remain flat.	Wait

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Forex Technical Analysis: Trend potential

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