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 July	weekly forecast 13 - 17 July Sell #WTI within 40.71-39.50 #WTI weekly Technical observation The value of the commodity on the weekly chart above retraced to a resistance zone it established around 40.71-39.50. Last week, this commodity rose and closed within the above-mentioned zone with a green candle. If you are currently neutral with this pair, wi More
2020	EURUSD	GBPUSD	USDJPY
17 July	Remain neutral temporarily Technical observation On the weekly chart above, price is trading with an increasing bullish momentum below a resistance zone 1.1492-1.1425. My expectation is a rejection of this bullish movement within the above-mentioned zone for possible bearish price movements. My advice, remain flat and wait More	We're short towards 1.1647 Technical observation GBP retraced to a resistance zone it established around 1.2690-1.2613 but did not penetrate above it. As long as price is contained below the zone mentioned above, we can only anticipate bearish price rally. Within the zone 1.2690-1.2613 was the ideal place to pick short posi More	looking to sell within 107.49-107.40 Technical observation On the chart above, price has been rising steadily towards a resistance zone 107.49-107.40 and is currently trading below it. I expect a loss of this upwards movement within the zone mentioned above for a possible surge to the lower side. My advice, remain flat temporarily a More
16 July	We're long	Sell GBP within 1.2634-1.2601	We're flat
15 July	Remain flat	We're long towards	Remain short
14 July	We're bullish towards 1.1425	Remain short	We're short towards 106.44
13 July	Remain flat temporarily.	We're short within 1.2690-1.2594	Remain flat

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Forex Technical Analysis: Trend potential

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