FMTradingTeam

FMTradingTeam

- 618 fib matches resistance line with bulls losing power - 1hr trendline met - RSI overbought - price above moving average - 15/30 min time frame showing the bulls losing power - retracement looking likely

FMTradingTeam

- Waiting on confirmation the 618 fib being rejected then further bearish moves for confirmation - RSI overbought will marry 618 fib - Strong resistance line with further stongholds above entry - long term bearish trendline is being met - price above moving average - confirmation must be adhered to before entering trade with high risk news in both usd and cad...

FMTradingTeam

- last 3 618 fibs have come true - currently sat at 618 and marrying a heavy resistance line - 4hr trendline met with bull losing power - 4hr candlestick showing rejection - price above moving average - RSI overbought

FMTradingTeam

- 618 fib rejected and clear resistance line - 1-4hr trendline met and broken with bullish power losing force - RSI Overbought - price above moving average - massive rejection of 4h candle

FMTradingTeam

- 618 fib price current with bullish moves remaining in power could potentially see bearish moves start to form - Key resistance area - RSI overbought - new trendline forming could see the start of large bearish move - price above moving average - price currently sat on a pivot point we have seen price change in direction here many times before confirmation...

FMTradingTeam

- Previous trade we entered in our premium group - analysed and expected to hit full retracemnt at TP3 point as this was a yearly support line which proved very hard to break

FMTradingTeam

- 618 fib rejected - key resistance hit and bullish power diminishing - overbought RSI on most time frames - price highly above moving average - TPs set at key support lines with not much interference in between - high risk news all day tomorrow throughout the day should EURGBP be very volatile - ride the retracement SL to entry at first opportunity

FMTradingTeam

- 618 fib met marrying with resistance line - 4h trendline met - price struggling to keep momentum, bulls losing power - RSI into overbought - price above moving average

FMTradingTeam

- powered through to TP2 - hit resistance at TP2 dropped to TP1 which acted as new support - further bullish movement is expected today

FMTradingTeam

- 4H & daily trendline met - 618 fib rejected - 618 fib marries support line & trendline - price below moving average - waiting for confirmation of bullish power to enter trade

FMTradingTeam

- coming to 50 fib - strong resistance area we found throughout june - resistance line marries the fib - price coming to over bought on RSI - price above moving average confirmation must be met before entering trade, price alert active

FMTradingTeam

- coming back to retest resistance line after 4 failed attempts - coming up to overbought on the RSI should touch at entry price (resistance) - above moving average price - weekly and daily strong resistance - USD still reporting unstable due to covid - confirmations must be met before entering trade

FMTradingTeam

- Currently sat at 618 fib and struggling to break resistance - daily support area - weekly support area making it a very strong area to break - price at moving average - RSI close to over sold - bulls have the edge but need further confirmation before entering the trade - 2.7 R/R

FMTradingTeam

- Price alert active waiting for entry and then confirmation of pivot point - over bought RSI 70 - Entry will be around 50 fib - price above moving average - long term downtrend All confirmations must be met before entry into the trade

FMTradingTeam

Previously analysed trade - entry price alert activated - immediately retraced at our entry price - TP1 support seen little to no support and hammered down to TP2 - TP3 was hot which was tactically placed at very strong support and you can see failed to break

FMTradingTeam

- TP2 and TP3 now hit - TP3 was set at a very strong resistance line as we can see price wasn’t strong to break, this is why Multi TPs must be set to maximise profits for all outcomes! - TP3 was the last TP to be hit trade now closed - could see GBPJPY carry on with a downtrend with potential bull movement when the markets reopen on Monday

FMTradingTeam

- TP1 hit within 45 minutes off strong bearish movement - Bears have come to support and received reduction in momentum selling - TP2 still in the sighs of price aslong as bears remain dominant with selling action - High impact news descending on CAD within the hour SL to entry point risk free on all trades of today no risk left

FMTradingTeam

- TP1 hit at a resistance line - TP2 hit at a very strong resistance line which we seen a retracement at due to this TP 3 being at the higher high, we’ve changed SL to entry - could see further bullish movement if it breaks the resistance