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.

09 - 13 March	weekly forecast 09 - 13 March Wait for a correction to sell #Gazprom. #Gazprom weekly Technical observation On the weekly chart above, price continued to rally downwards with a big red candle this last week. This week however, a correction to the just broken zone can be expected followed by a rejection within it for possible bearish rally. My advice, wait fo More
2020	EURUSD	GBPUSD	USDJPY
13 March	Buy EUR within 1.1179-1.1166 Technical observation Yesterday’s market closed with an indecisive bearish candle, this indicates that there was times of imbalance between bullish and bearish market participants. A tail went below the supportive zone 1.1179-1.1166 however, price still closed above it. This is a possible bo More	We're flat Technical observation Yesterday price penetrated below the supportive zone 1.2770-1.2746 with a big red candle and is still stagnating below it. My expectation is a correction to the just broken zone followed by a rebound within it for bearish movements towards the level 1.2357. Remain flat and wa More	We're short within within 105.26-105.05 Technical observation On the daily chart above price rose but did not penetrate above the resistance zone it had established around 105.26-105.05. Bearish price movements towards the supportive level 101.76 is expected following a rejection within the above-mentioned zone. Sell this pair within 10 More
12 March	Wait for a retracement to buy EUR	Wait for a correction to buy GBP	Remain short towards 101.76
11 March	Flat	still flat	Wait for a correction
10 March	We're flat	Remain flat	Remain neutral
09 March	Remain flat	Wait	Wait for a correction

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Forex Technical Analysis: Trend potential

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