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.

21 - 25 October	weekly forecast 21 - 25 October Weekly Review Brent Oil Weekly Review Technical Observation According to the weekly chart attached, Brent oil is in an active downtrend. However, the price is approaching a significant weekly support level 57.20. This is a very key level and while the price is contained above it, we choose to re More
2019	EURUSD	GBPUSD	USDJPY
25 October	Sell EURUSD from 1.11153 with your take profit at 1.10547. Technical Observation Yesterday,Despite the massive move seen earlier yesterday, EURUSD failed to breakout above 1.11694. Instead the pair barely hit this target before turning around to the lowerside. We're holding onto a sell following the sell signal seen above, and because the price went below More	Wait and selll a break below 1.27997. Technical Observation Few days ago, GBPUSD rallied to the upper side but could not breakout above the upper trendline. We took a sell position following the bounce from the level 1.29067 and is still holding, we expect price to rally even lower towards 1.27997 and could extend even lower. The idea More	Wait and sell a break below 108.388. Technical Observation After failing to break above the daily high 108.928, USDJPY retraced back to the lowerside but could not break below the 23.6% fib level, we expect a possible momentum towards the 50.0% fib level but only if the price can break below 108.388. If the price successfully goes be More
24 October	Hold onto a buy perspective with your tp at 1.11694.	Wait to rebuy GBPUSD from 1.25904.	Buy USDJPY with your tp at 108.928.
23 October	Conservative traders can wait for a bounce from 1.10547 to pick a low risk buy.	Sell a break below 1.27997 with your take profit at 1.25904.	Wait for low risk sell orders.
22 October	We're short with our target at 1.11153.	Sell GBPUSD with your take profit at 1.27997.	Sell a break below 108.388 with your take profit at 107.783.
21 October	Wait	We’re buyers with our take profit at 1.34.	Wait for a sell from 108.569.

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Forex Technical Analysis: Trend potential

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