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.

02 - 06 October	weekly forecast 02 - 06 October We are flat with #SP500 #SP500 weekly Technical observation On the weekly chart above, #SP500 has been trading with an increasing bearish bias for the past two weeks and this week I anticipate a further rally to the lower side. My advice, remain neutral and wait for a pullback to the supportive zone 3687.1-3523.7 then More
2023	EURUSD	GBPUSD	USDJPY
06 October	We are flat Technical observation On the chart above, the price has been trading with an increasing bullish bias for the past two consecutive days and today I expect a continuation of this upwards movement towards the resistance zone 1.0770-1.0795. My advice, remain neutral and wait for a pullback to the zone More	Wait for a pullback to the zone 1.2635-1.258 Technical observation GBP is trading with an increasing bullish bias between the level 1.1688 and a resistance zone 1.2635-1.2589, this upwards movement is a pullback to the zone I have mentioned above and I expect a possible rejection within it followed by a surge to the lower side. My advice, re More	Remain long Technical observation USD has been trading with an increasing bullish bias for several days now and today I expect a further momentum to the upper side. If you are holding bullish positions with this pair, I recommend that you remain in the trade with your take profit at 151.97 and stop-loss at 135 More
05 October	Wait for a correction to the zone 1.0770-1.0760	Wait	Expecting bullish movements towards 151.50.
04 October	Wait for a second retracement to the zone 1.0770-1.0795	We are neutral	Remain long
03 October	Remain short	Wait for a pullback to the zone 1.1178-1.1232	We are long
02 October	Wait	We are bearish towards 1.1797	We are bullish towards 151.50.

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Forex Technical Analysis: Trend potential

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