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.

08 - 12 July	weekly forecast 08 - 12 July Wait for a correction to sell #Tesla #FedEx weekly Technical observation The commodity on the weekly chart above is trading below a resistance zone 183.59-179.72, I expect this company’s shares to correct to the above mentioned zone followed by a rejection within it for possible downwards movements. Rema More
2019	EURUSD	GBPUSD	USDJPY
12 July	Place a pending sell limit around 1.12833. Take profit at 1.12010 Technical Observation EURUSD is currently approaching a significant 4 hour resistance zone 1.12833-1.12762. This is a key zone and while the price remains below it we expect a possible momentum to the lowerside. Conservative trader should have their pending sell limit orders around the previous da More	Place pending sell limit orders around 1.25710. Technical Observation GBPUSD is currently bouncing off from a significant daily resistance level 1.25337, while the price remains below this level, I expect a possible decline from around the previous day's highest high, with stoploss slightly above and take profit at 1.24290. Conservative traders More	Buy USDJPY around the previous day's lowest low with your take profit at 109.291. Technical Observation Since 24th June until now, the USDJPY has been making higher lows, The previous day's candle is a perfect bullish pin bar candle, and while the price is above 108.442, I expect nothing but a possible momentum to the upper side, conservative traders should wait for a clear ris More
11 July	Buy A bounce from 1.1259 with your first take profit at 1.1280.	Sell a bounce from the upper trendline	Sell USDJPY below 107.85.
10 July	Look for a buy towards 1.12314	Sell GBPUSD below 1.24494.	Rebuy a bounce from the supportive trendline.
09 July	We're short towards 1.1106.	Still short towards 1.1985	Sell USD now within 108.75-108.57
08 July	Flat	We're flat	Remain short

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Forex Technical Analysis: Trend potential

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