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.

05 - 09 October	weekly forecast 05 - 09 October Sell Gold from 1911.99 towards 1858.21. Gold weekly Review Technical Observation XAUUSD_e is currently rallying around 1894.04. On the Daily Chart , the previous candle closed below the previous 52 Period Exponential Moving Average. This is a possible Indication that we are in an active Down trend . XAUUSD_e is currently in a ran More
2020	EURUSD	GBPUSD	USDJPY
09 October	We're bullish towards 1.2009. Technical observation EUR is still trading with and increasing bullish bias above the supportive zone 1.1744-1.1715 and as long as it is contained above this zone, you can only anticipate bullish movements of this pair towards the resistance line 1.2009. If you bought EUR within the above-mentione More	We're short within 1.3006-1.2970 Technical observation Yesterday GBP continued to rise towards the resistance zone 1.3006-1.2970 instead of rallying downwards as I had predicted. However, I expect a loss of this upwards movement within the above-mentioned zone for possible bearish rally towards the supportive level 1.2626. My adv More	Pick your profits at 106.13 Technical observation USD rose up to the resistance line 106.13 and is still trading with an increasing bullish bias below it. If you bought USD within the zone 105.22-105.16 after a rejection, at the line 106.13 is the ideal place to pick your profits. In case of a break above the line 106.13 wi More
08 October	Remain long	Sell a bounce within 1.3006-1.2970	Remain long
07 October	Sell EURUSD with your target at 1.16214.	Sell GBPUSD with your target at 1.27168.	Sell USDJPY towards 104.320.
06 October	Wait for a sell signal from around 1.19364 with your target at 1.16190.	Wait for a sell from around 50.0% fib level towads 1.26940.	Sell a bounce from 105.830 with your target at 104.200.
05 October	Sell a bounce from 1.17635 with a target at 1.16948.	Sell GBPUSD from 1.29850 with your target at 1.28276.	Sell USDJPY from 105.750

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Forex Technical Analysis: Trend potential

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