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.

11 - 15 December	weekly forecast 11 - 15 December Buy Lukoil now Bitcoin Still bulish Technical Observation: On the 4 hour chart above, Bitcoin has been contained above the three simple moving averages (14, 23, 50) and is still rallying above them. While the price is above these moving averages, I expect a surge higher and if the price breaks below the first More
2017	EURUSD	GBPUSD	USDJPY
15 December	Flat Technical Observation: Eur is currently edging towards a support zone 1.1695-1.1482. This is a good buy zone, and unless there's a clean breach below it will a big red candle, I expect a bounce from it to pick a low risk buy opportunity. With this buy opportunities, the key take profit lines to loo More	Flat but waiting for a buy signal Technical Observation: Despite the bearish pin bar seen almost three days ago, Gbp failed to penetrate below the daily support zone 1.3304-1.3283. This is a possible bullish dominance indications and while the price is above 1.3304-1.3283, only a buy position looks more ideal. I expect another pull More	Bad day for the Usd Technical Observation: USD is rallying around a short term support line 112.19. USD failed to spike upwards even after the bullish continuation candle observed almost 4 days ago. This is a possible bearish dominance indication and while the price is still above 112.19, I choose to remain flat and w More
14 December	Looking for a sell	Remain long towards 1.3535	Short the Usd now with a takle profit at 108.49.
13 December	Remain short with a take profit at 1.1620	Flat	remain long towards 115.15
12 December	Still a good sell for position traders.	Flat	Buy now
11 December	A good sell trade for position traders	Pending buy limit order	Buyers encroaching

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: