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.

23 - 27 October	weekly forecast 23 - 27 October We are flat with #DAX30 #HSI weekly Technical observation #HSI bounced within the resistance zone 22619-22240 and since then it has been trading with an increasing bearish bias, this week I anticipate a further rally to the lower side and if you are already holding bearish positions, I recommend that you remain in the More
2023	EURUSD	GBPUSD	USDJPY
27 October	Remain flat Technical observation On the weekly chart above, the price is trading with an increasing bearish bias between the supportive level 0.9541 and a resistance zone 1.1512-1.1453 for several weeks now, however this week the price opened bullish and I anticipate a further momentum to the upper side. My More	We are flat Technical observation Just like EUR the value of GBP is trading with an increasing bullish bias between a supportive level 1.0877 and a resistance zone 1.4343-1.4254, next week I anticipate a further momentum to the zone indicated above followed by either a bounce within it or a clear break above i More	Wait Technical observation USD is trading with an increasing bullish bias slightly below the resistance level 151.87 and this week I expect it to close bullish. Next week I expect either a further momentum to the upper side or a rejection at this line followed by a correction to the zone 127.15-126.28; More
26 October	Remain short with your take profit at 1.0215.	We are short	Wait
25 October	We are flat	Wait for a pullback to the zone 1.2635-1.2589	Remain long with your take profit at 135.66.
24 October	Wait for a correction to the zone 1.0770-1.0795	Place a pending sell limit order within the zone 1.2635-1.2998	Remain long
23 October	Wait for a correction to the zone 1.1512-1.1453	We are flat	Remain long

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: