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@mydailyforex

@mydailyforex

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!

by ForexDailyUpdate

Updated

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!

by ForexDailyUpdate

Updated

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! youtu.be

Short

by ForexDailyUpdate

Updated

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 youtu.be

Short

by ForexDailyUpdate

Updated

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!

Long

by ForexDailyUpdate

Updated

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: 1.30165 Target 1: 1.31120 Target 2: 1.31600 Happy Trading!

Long

by ForexDailyUpdate

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 see this video for details: youtu.be Happy Trading!

by ForexDailyUpdate

Updated

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

Long

by ForexDailyUpdate

Updated

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 enter so wait to test resistance level to ride price action! Happy Trading!

Long

by ForexDailyUpdate

Updated

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!

Short

by ForexDailyUpdate

Updated

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

by ForexDailyUpdate

Updated

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!

by ForexDailyUpdate

Updated

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.

by ForexDailyUpdate

Updated

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!

Short

by ForexDailyUpdate

Still LONG Still going LONG on GBP/USD

Long

by ForexDailyUpdate

Lets see what EURUSD does on Monday.We're up against a hard weekly resistance level between 1.146 and 1.150. Looking to retest weekly resistance and watching for breakout either to the top or bottom. A break above/close above 1.150 would signal a BUY up to 1.20400 monthly resistance. A break below/close below would retest the daily support level. Will keep you updated.

by ForexDailyUpdate

Updated

Looking to break into new Highs We're stuck up against a major monthly resistance level at ~1.460, waiting to break-above/close-above 1.46500 to rally up to the next major resistance level of ~1.50. Wait to confirm breakout above 1.465 to BUY up to next major level of 1.500, stops should go at 1.445. Also to note we have positive RSI that is at 64.8 which would indicate we may see a retest of the breakout, RSI to drop down to around 50 and rally. Safe Trading!!!

Long

by ForexDailyUpdate

Updated

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