ForexDailyUpdate

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About me Part-time FOREX trader. Goal is to log steady 20-25% account increase per year.
Last visit Joined a year ago @myforexdaily
Uploading Weekly Outlooks for Forex: https://www.youtube.com/channel/UCj26sX0hzLN4NsukH1I2BYA
Markets Allocation
100 % forex
Top Mentioned Symbols
GBPUSD 35% | 7 EURGBP 15% | 3 AUDUSD 10% | 2 GBPJPY 10% | 2
ForexDailyUpdate ForexDailyUpdate GBPCHF, 60, 4 months ago
GBPCHF: GBPCHF: Consolidation Squeeze - BUY or SELL?
10 0 1
GBPCHF, 60
GBPCHF: Consolidation Squeeze - BUY or SELL?
Greetings Traders! We have a nice consolidation squeeze that has formed on GBPCHF. RSI shows negative which is a good indicator of a downward breakout. Follow me to get updated trade updates for this pair. Happy Trading!
ForexDailyUpdate ForexDailyUpdate EURGBP, 60, 4 months ago
EURGBP: EURGBP: Consolidation Squeeze - BUY or SELL?
11 0 1
EURGBP, 60
EURGBP: Consolidation Squeeze - BUY or SELL?
Greetings Traders! We have a nice consolidation squeeze forming on EURGBP. RSI is showing positive price action so odds are we're expecting to break to the top-side. Follow me to get updates for this trade opportunity. Happy Trading!
ForexDailyUpdate ForexDailyUpdate GBPJPY, 240, Short , 4 months ago
GBPJPY: GBPJPY: Consolidation Squeeze n' Run - SELL
59 0 1
GBPJPY, 240 Short
GBPJPY: Consolidation Squeeze n' Run - SELL
Greetings Traders! We are in strong consolidation/squeeze situation. We have a strong negative RSI trend indicating very good chance of a down break-out. If we break to the top the trade will be cancelled. Stop: 145.370 T1: 137.100 T2: 130.520 Happy Trading! https://youtu.be/CenkFao5hSQ
ForexDailyUpdate ForexDailyUpdate USDJPY, 240, Short , 4 months ago
USDJPY: USDJPY: RSI vs Price Action - SELL
51 0 2
USDJPY, 240 Short
USDJPY: RSI vs Price Action - SELL
Greetings Traders! We have negative RSI built up on the trend for the past week. Looking to break the current channel to the downside and SELL with Target 1 at 104.760 and Target 2 at 101.425. Stop: 106.477 T1: 104.760 T2: 101.425 https://youtu.be/xQRZfH36sQo
ForexDailyUpdate ForexDailyUpdate GBPUSD, 60, Long , 4 months ago
GBPUSD: GBPUSD: Touch n' Go - LONG
60 0 2
GBPUSD, 60 Long
GBPUSD: Touch n' Go - LONG
Greetings Everyone, Looking at a LONG opportunity here for the GBPUSD for the daily's. We haven't broken below our last low and are on the bounce-back. Looking to stay in consolidation going up to the resistance line and bouncing back. Entry: 1.31090 Stop: 1.30150 Limit: 1.32500 Happy Trading!
ForexDailyUpdate ForexDailyUpdate GBPUSD, 30, Long , 5 months ago
GBPUSD: GBPUSD: Ride the Trend to Consolidation - BUY
30 0 0
GBPUSD, 30 Long
GBPUSD: Ride the Trend to Consolidation - BUY
Traders! We finally hit a clean break out on the hourly chart and looking to hit new highs. We had a pretty good price-action push to the current 1.30800's, should see a small retracement and a continuation. Looking to ride this up trend to 1.31132 level with 1-2 minor retracement along the way. Stops: ...
ForexDailyUpdate ForexDailyUpdate GBPJPY, 60, 5 months ago
GBPJPY: GBPJPY: Break of Structure for BUY or SELL
27 0 0
GBPJPY, 60
GBPJPY: Break of Structure for BUY or SELL
Greetings Traders, We are currently in consolidation around the resistance level of 129.671. Looking for Monday if we break-below / close-below it would be a SELL opportunity down to 127.038. If we do not we will trend price action up to 133.316. Will keep you updated on action! Check out this outlook video for ...
ForexDailyUpdate ForexDailyUpdate AUDUSD, 60, 5 months ago
AUDUSD: AUDUSD: Reversal with Quick In-Out SELL
12 0 0
AUDUSD, 60
AUDUSD: Reversal with Quick In-Out SELL
Greetings Traders! Check out the video for the outlook at: https://youtu.be/t3ia9RvOA8I We have a up trend continuation that has formed. Looking at 0.45629 as a resistance/support level. Break-below this level would indicate a SELL opportunity down to the channel support or 0.75107, which ever comes first. A ...
ForexDailyUpdate ForexDailyUpdate GBPUSD, 60, 5 months ago
GBPUSD: GBPUSD: Waiting for Breakout
40 0 2
GBPUSD, 60
GBPUSD: Waiting for Breakout
Traders! We're looking at a breakout during this consolidation period on GBPUSD. Currently we're looking to retest the hourly support, watch for the breakout. If we bounce off the support we're looking to retest the resistance level and watch for a breakout. Will keep everyone updated on the progression. Please ...
ForexDailyUpdate ForexDailyUpdate EURGBP, 30, Long , 5 months ago
EURGBP: EURGBP: Potential Break-Out for a LONG
19 0 0
EURGBP, 30 Long
EURGBP: Potential Break-Out for a LONG
We're up against some monthly resistance levels at 0.85430. Agressive traders wait to break and close above for confirmation. Conservative traders wait to double-bottom on the support level and then BUY. Limit: 0.86130 STOPS:0.85020
ForexDailyUpdate ForexDailyUpdate USDCAD, 30, Long , 5 months ago
USDCAD: USDCAD: Quick Pop and Resistance
52 2 2
USDCAD, 30 Long
USDCAD: Quick Pop and Resistance
We have a trend that has retraced to a 0.382 indicating a trend -continuation. We're likely to see our daily resistance tested once more to give us a double-top for a nice SELL opportunity OR break through the resistance level and double-bottom on the 'now' support and rally. Currently we're at a poor R-R ratio to ...
ForexDailyUpdate ForexDailyUpdate GBPUSD, 30, Short , 5 months ago
GBPUSD: GBPUSD: Support Broken to the Down Side - SHORT
47 0 1
GBPUSD, 30 Short
GBPUSD: Support Broken to the Down Side - SHORT
We broke the support level at 1.32406 on the 5 minute chart. We have a SELL signal! Good Luck Traders!
ForexDailyUpdate ForexDailyUpdate EURCAD, 30, 5 months ago
EURCAD: EURCAD: Possible Reversal Very Soon
21 0 1
EURCAD, 30
EURCAD: Possible Reversal Very Soon
Technical analysis from the price action VS RSI is opposite indicating a strong 'reversal' signal. Proceed with caution. Hoping we get another good run down to 1.42610 level for profits.
ForexDailyUpdate ForexDailyUpdate GBPUSD, 30, 5 months ago
GBPUSD: GBPUSD: Giant SQUEEZE
69 1 3
GBPUSD, 30
GBPUSD: Giant SQUEEZE
Traders, We have come up on an upside-down flag pattern. Price action has squeezed itself into a corner and is about to pop! Keep a careful eye out for Volume, RSI and over-all direction. As of right now it looks to be breaking North! Happy Trading!
ForexDailyUpdate ForexDailyUpdate EURGBP, D, 5 months ago
EURGBP: EURGBP: Critical Break-Out Possible or Reversal - DAILY
67 0 2
EURGBP, D
EURGBP: Critical Break-Out Possible or Reversal - DAILY
We're up against some major resistance levels on daily chart. Look out for the break above and close above to BUY up to 0.86130. In case of reversal potential SELL down to 0.80000 levels
ForexDailyUpdate ForexDailyUpdate EURCAD, 60, Short , 5 months ago
EURCAD: EURCAD: Daily/Weekly Structure Break to the Down-Side
32 4 1
EURCAD, 60 Short
EURCAD: Daily/Weekly Structure Break to the Down-Side
Just broke daily structure to the down-side, look to sell once 50% RSI is reached down to 1.42605, stops at 1.43505. Good Luck Traders!
ForexDailyUpdate ForexDailyUpdate AUDUSD, 60, Long , 5 months ago
AUDUSD: AUDUSD: LONG EASY SETUP
102 3 2
AUDUSD, 60 Long
AUDUSD: LONG EASY SETUP
We're nicely in between weekly and monthly resistance/support levels and just broke above weekly resistance.
ForexDailyUpdate ForexDailyUpdate GBPUSD, 240, Long , 7 months ago
GBPUSD: Still LONG
23 0 1
GBPUSD, 240 Long
Still LONG
Still going LONG on GBP/USD
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