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.

24 - 28 May	weekly forecast 24 - 28 May Buy Silver Silver Weekly Review Technical Observation Silver continues to rally above the zone 27.584-27.464. While the price remains above this zone, we are on the sidelines, we are waiting for a clear touch and a rebound from this zone to pick a low risk buy position with our target set around 26 More
2021	EURUSD	GBPUSD	USDJPY
28 May	Remain long towards 1.23286. Technical Observation MACD is currently showing the possibility that the price is in an active up trend. While the price remains above 1.21804, we expect nothing but a possible rally to the upperside, if the price breaks above 1.23286, then we may continue to the upperside. Ideally, should the pric More	Look for long term buy positions towards 1.4525. Technical Observation Yesterday, GBPUSD rallied to the upperside and is now above the upper trendline. While the price remains above the same trendline, we expect a possible rally to the upperside towards 1.4345 and may extend much higher. As it is on this chart, we are expecting a rally much high More	We're buyers towards 110.777. Technical Observation USDJPY rallied to the upperside and is still showing signs of continuing to the upperside. When the intraday MACD bars are above zero and the Moving Averages, we are in an uptrend, we are looking for long term buy positions expecting the price to break beyond 110.777 towards More
27 May	We're buyers towards 1.22650	We're sellers towards 1.40296.	We're sellers towards 108.535.
26 May	We're looking for a possible long term buy position towards 1.23270.	Sell a bounce from 1.41914 towards 1.36920.	Wait for a possible rebuy from 108.535 towards 109.691.
25 May	We're buyers towards 1.23262.	Wait for a rebuy from 50.0% fib level towards 1.42328.	We're sellers towards 107.420.
24 May	Remain long towards 1.22353.	We're buyers towards 1.42470	We're sellers towards 108.535.

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Forex Technical Analysis: Trend potential

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