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.

03 - 07 September	weekly forecast 03 - 07 September Short NIKKEI now Brent weekly Technical observation Last week, Brent was rejected around the resistance zone 80.61-78.85.Right now Brent is on a bearish bias and I expect a decline in it towards 61.32 and a possible breakout below it for a further decline towards 44.48, short Brent within or around 80.61-78.85 w More
2018	EURUSD	GBPUSD	USDJPY
07 September	We're long Technical observation EUR/USD is still rallying above the support 1.1539, I expect another retracement to it for bullish momentum of price towards 1.1849.If you already picked long position at 1.1539, remain long with your ideal target at 1.1849,if not, wait for a correction to 1.1539 and a rejectio More	Remain flat temporarily. Technical observation GBP/USD is still rallying below 1.3025 and I expect a pullback to It followed by a rejection of price at or around it for downwards, movement of price towards 1.2687.Remain flat temporarily and wait for the rejection at 1.3025 to pick short positions around it with your take pr More	Wait for a correction to 110.68 Technical observation USD/JPY did not pullback to the resistance zone 111.82-111.73 as predicted, instead, price rallied down towards 110.68 and clearly broke below it, right now price is rallying below the just broken zone and I expect a correction to it followed by a rejection of price at or aroun More
06 September	Remain long	Wait for a correction to 1.3025	Remain flat temporarily.
05 September	We're long	Sell around 1.2925	Buy within 111.51-111.43
04 September	Buy EUR/USD at 1.1539	Sell at 1.2925	Remain flat
03 September	Buy around 1.1540	Re-sell at 1.2935	Short within 111.51-111.43

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.

© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.

Forex Technical Analysis: Trend potential

Our best awards: