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.

20 - 24 May	weekly forecast 20 - 24 May We're long with #Apple #Ebay weekly Technical observation The commodity on the weekly chart above has been trading on an upward momentum with retracements at the supportive zone it established around 36.75-35.85, last week the value of this shares rose and I still expect more bullish rally this week towards the resis More
2019	EURUSD	GBPUSD	USDJPY
24 May	Look for buy orders towards 1.112400. Technical Observation Yesterday, our stop was taken out when the price hit the lows of 1.111000 but ended up closing above the upper trendline. As I stated on the previous trading day, following the bounce, we're now upwards, I'm expecting a possible rally to the upperside with my first take profit More	Look for a sell towards 1.21509 Technical Observation GBPUSD is currently trading with an increasing bearish bias momentum. While the price is protected from violating the level 1.27413, I expect a drop towards 1.21509. On this chart, the key lines to look for include 1.32965, 1.27413, 1.21509 and 1.23695. Anytime the price appro More	Short USDJPY towards 108.295 Technical Observation USDJPY is currently trading with an increasing bearish bias momentum. I expected a possible momentum towards 113.014, but as it appears, the USD is currently rallying to the lowerside. From the current chart structure and set up, on the weekly charts, I recommend looking for l More
23 May	Hold onto a sellers perspective	Sell GBPUSD towards 1.21509.	We're upwards towards 111.868.
22 May	We're sellers.	Look for sell towards 1.21509	Buy from 108.440 usdjpy with your take profit at 111.868.
21 May	Remain short with your take profit at 1.1102	Wait for a correction to sell GBP	We're short within 110.23-110.16
20 May	Remain flat	Remain neutral temporarily.	We're flat

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Forex Technical Analysis: Trend potential

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