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.

14 - 18 February	weekly forecast 14 - 18 February Sell #NQ100 within 14542.2-14396.2 #XAUUSD weekly Technical observation Last week the value of the commodity on the chart above rose with a big green candle as I had predicted and this week I expect it to rise above the upper trend line as indicated on the chart above, If you are currently flat with #XAUUSD I would advise that y More
2022	EURUSD	GBPUSD	USDJPY
18 February	Wait for a correction to pick short positions. Technical observation On the weekly chart above price has been trading with an increasing bullish bias despite the anticipated bearish movement this week. This upwards movement is a minor retracement to the supportive zone 1.1461-1.1421 and I expect a loss of it within the same zone followed by a More	Remain long with your take profit at 1.4239 Technical observation Since the beginning of the week GBP has been trading with an increasing bullish bias and I expect price to close bullish tomorrow. Next week I expect a continuation of this upwards movement towards the resistance level 1.4239 and at this line price can either break above it w More	Expecting a rally to 112.23 Technical observation On the daily chart above price broke above the resistance zone 115.59-115.41 but it could not stay above it, instead it declined below the same zone then retraced back to it and this time it was sustained below the zone. Currently price is trading with an increasing bearish b More
17 February	Looking to sell within 1.1483-1.1461	We are bullish towards 1.3658	We are short towards 114.53
16 February	Wait	We are neutral	Expecting a rally to the level 123.23.
15 February	We are neutral	We are long	Remain long with your take profit at 116.33.
14 February	Buy EUR within 1.1369-1.1346	Pick short positions within the zone 1.3610-1.3582	Expecting a rally to 123.23.

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Forex Technical Analysis: Trend potential

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