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.

25 - 29 June	weekly forecast 25 - 29 June Brent Retracing Brent Review Technical Observation A key daily support can be ween around 70.698. few days ago, Brent oil retraced to the lowerside and is still very bearish on the daily chart, I expect further retracements to the lowerside but should not go below the daily support line 70.698 where I'll be loo More
2018	EURUSD	GBPUSD	USDJPY
29 June	Wait for a correction to 1.1830-1.1802 Technical observation The pair on the daily chart above could not breach below a support line 1.1537 and is currently pulling back to the resistance zone 1.1830-1.1802,I expect a rejection of it within the zone for possible bearish momentum towards 1.1537 followed by a breakout below it for a furth More	Wait for a pullback to 1.3314-1.3280 Technical observation Yesterday, GBP/USD went down to the support 1.3054 sending a tail to it but could not break below it.Currently it is rising towards1.3314-1.3280 and I expect a rejection of it within the zone for bearish momentum towards 1.3054.I also expect a breakout below 1.3054 followed by More	Place a pending order within 111.21-111.02 Technical observation USD/JPY is rising steadily towards the resistance zone 111.21-111.02.I expect a rejection of it within the zone for bearish momentum towards 109.03 and a possible breach below 109.03 for a further decline in price towards 107.34,you can place a pending trade within the zone wi More
28 June	Remain flat	We're short	Remain flat
27 June	Remain flat	Remain short	Remain flat
26 June	Remain flat temporarily.	Short GBP/USD now	Remain flat
25 June	Buy Eur towards 1.18394	Buy from 1.32336	Sell Usd towards 108.670

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Forex Technical Analysis: Trend potential

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