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.

18 - 22 December	weekly forecast 18 - 22 December Buy AIG Shares Now AIG Buy Signal Technical Observation: For almost three weeks now, this American multinational insurance corporation shares has been rallying around a key weekly support line 58.97. This is a potential buy place for this share and while the price is still above it, I'm waiting for a buy sign More
2017	EURUSD	GBPUSD	USDJPY
22 December	Flat Technical Observation: Price is still rallying within the weekly flag formation. On the weekly chart attached, Eur looks a bit bearish and could plummet towards the lower trend line acting as the support to the flag, however, on the intraday charts, the price could rise towards 1.2000 or even highe More	Remain long Technical Observation: During this week, the daily support line 1.3290 has held the market to the upper side and is still holding. Unless there's a clear breakout below this support with a big red candle, I expect a rise towards 1.3535 or even higher. The last trading day's candle is bullish contin More	Remain long towards 114.13 Technical Observation: Despite my previous forecast that Usd could spike higher, this pair barely moved to the upper side before closing few pips below its opening price. Yesterday's candle is inside the previous day's candle and means there's still momentum to the upper side. Having that in mind, More
21 December	Short	Buy GBP around 1.3304	Bulls dominating
20 December	Re-buy Eur around 1.1617	Remain long towards 1.3335.	Remain long towards 114.29
19 December	Sell now towards 1.1621	Pending Buy limit order looks better around 1.3290	Flat
18 December	Sell now towards 1.1617	Buy around 1.3305 towards 1.4597	Buy around 112.15 towards 114.29

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Forex Technical Analysis: Trend potential

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