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.

17 - 21 August	weekly forecast 17 - 21 August Short #ASX within 6138.0-6100.5 Technical observation The value of the commodity on the weekly chart above is trading with an increasing bullish momentum above a supportive zone 3111.5-3083.9. I expect this upwards rally to continue to the resistance level marked around 3554.7 followed by either a clear breakout above it with a More
2020	EURUSD	GBPUSD	USDJPY
21 August	Look for buy positions. Technical Observation EURUSD is currently rallying around 1.18659. On the 4 Hours Chart , the previous candle closed above the previous 21 Period Exponential Moving Average. This is a possible Indication that we are in an active up trend . EURUSD_e is currently in a range, not going above the previ More	Remain long towards 1.33472. Technical Observation GBPUSD is currently rallying around 1.3077. On the 1 Hour Chart , the previous candle closed above the previous 52 Period Exponential Moving Average. This is a possible Indication that we are in an active up trend . According to the weekly charts, we are approaching a signifi More	Wait fora buy from around 104.624. Technical Observation Yesterday, USDJPY embarked on a serious downtrend and is still very much bearish on the daily chart, According to the weekly chart attached, we are expecting a possible momentum towards 104.624, if the price bounces off from this support, then this will be a good place to con More
20 August	Sell a break below 1.18350.	Remain short towards 1.30168.	Buy a break above 106.108.
19 August	Pick your profits 1.1995	We're flat	Wait for a retracement to sell USD.
18 August	Remain long	Remain flat	Remain flat temporarily.

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.

© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.

Forex Technical Analysis: Trend potential

Our best awards: