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 April	weekly forecast 11 - 15 April Remain long with #XAUUSD towards 2074.28 #XAUUSD weekly Technical observation Last week the value of the commodity on the chart above rose following a correction to the supportive zone 1904.53-1887.52 and a bounce at it. This week I expect a further surge towards the resistance level 2074.28. If you are currently holding bullish positi More
2022	EURUSD	GBPUSD	USDJPY
15 April	Wait for a correction to sellEUR Technical Observation On the daily chart above price declined to the level 1.0768 but could not break below it, instead, it bounced at it and I expect a correction to the resistance zone 1.1160-1.1132 followed by a rejection within it to re-sell EUR with my take profit at 1.0768 and stop-loss at 1. More	Remain short Technical observation The value of the pair above has been trading with an increasing bearish bias for some time and if you are currently holding short positions I would recommend that you remain in the trade with your take profit at 1.2989 and stop loss at 1.3260. However, in case you are neutral More	Wait for a correction to re-buy USD Technical observation On the hourly chart above price retraced to a supportive zone 125.18-125.09 then rose steadily towards the resistance level 126.30. Currently price is trading below the same level with an increasing bearish bias and I expect a continuation of this downwards movement to the sup More
14 April	Wait	Wait for a correction to the zone 1.3050-1.3054	We are flat
13 April	Wait for a correction to re-sell EUR	Expecting a rally to 1.2982	Remain flat
12 April	Remain short	Expecting a surge 1.2028	Wait
11 April	We are short towards 1.0768	Expecting to sell within 1.3057-1.3050	We are flat

FreshForex is a brand that provides access to online trading for clients from more than 200 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: