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 December	weekly forecast 13 - 17 December Expecting #WTI to rally to 83.75 #Gas weekly Technical observation Last week the value of the commodity on the weekly chart above went with up as I had anticipated and this week I expect a further momentum to the resistance zone 5.685-5.562. If you picked long positions within the supportive zone 3.798-3.711 after a bounce, re More
2021	EURUSD	GBPUSD	USDJPY
17 December	We are bullish towards 1.1373. Technical observation Just as i had predicted yesterday, EUR ascended towards the resistance level 1.1373 and currently it is trading slightly below it with a big green candle. I expect a continuation of this upwards movement to the level 1.1373 followed by a clear break above it with a big green More	Expecting a momentum to the lower side Technical observation GBP retraced to the resistance zone 1.3363-1.3352 but could not break above it; instead it bounced within it then decline with a big red candle. My expectation is a further surge to the supportive level 1.3194 followed by either a bounce at it or a clear breakout below it wit More	Looking to sell within 113.86-113.78 Technical Observation On the 4 hour chart above, price did not rally upwards as I has predicted yesterday, in instead it declined and broke below the supportive zone 113.86-113.78 with a big red candle, right now price is trading with an increasing bullish bias below the just broken zone and my exp More
16 December	Expecting a momentum towards 1.1378	Looking to sell within 1.3271-1.3270	Wait for a correction to the zone 113.87-113.83
15 December	Remain flat	we are neutral	Looking to sell within 113.84-113.75
14 December	Expecting a rally to the level 1.1193	Wait for a correction to the zone 1.3349-1.3287	Wait
13 December	Looking to sell within 1.1511-1.1469	Wait	Remain neutral

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Forex Technical Analysis: Trend potential

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