FMTradingTeam

FMTradingTeam

We have seen the pound gain super strength since september last year, and a huge bullish market in the GBPUSD, with buyers dominating the market. But with recent news regarding the the Dollar, we have seen the Dollar fight back on all pairings. So as we see it we have three Scenarios in this pairing. Scenario One; (Yellow Arrows) - RSI now oversold, with alot of...

FMTradingTeam

- coming towards a strong trendline, however a resistance line has been met so may not reach ideal entry price - resistance line is a proven pivot point in the pass - RSI over bought - well above moving average

FMTradingTeam

- 618 fib broken then retraced - strong opposite trendline being formed - very strong resistance line marrying the fib - monthly bear trend seeing the start of further bear trend - price above moving average - historical pivot point - RSI oversold 4h trendline All indications must be met before entering trade

FMTradingTeam

- strong strendline met - RSI overbought on major timelines - bulls losing power - historical pivot point meant - moving average well above asking price All indications must be met before entering trade

FMTradingTeam

- 618 fib met and rejected - strong resistance line marrying the fib - seen Past pivot points on this price in the recent past - RSI close to overbought then retraced - long term down trend still being met - price above moving average All indications must be met before entering trade

FMTradingTeam

- strong resistance line met - very strong daily trendline met, seen numerous points of contacts in the past few months - crucial pivot point - RSI heavily oversold marrying the trendline can see the bull soon takeover - price beloved moving average

FMTradingTeam

- 4h trendline breakout looking to retrace to new support ideal place for TP1 - resistance line met - RSI strongly overbought on 4h/Daily marrying the resistance line - price heavily above moving average - historical price action seen in the price range

FMTradingTeam

- 4h trendline met - crucial pivot point seen previous historical price action - strong resistance line marrying the trendline - RSI over bought on most time frames - price above moving average

FMTradingTeam

- 618 fib met and struggling to break - strong resistance line marrying the fib - previous pivot point seen more historical price action - 4h support trendline turning to resistance after breakout - RSI approaching overbought and looking for confirmation of retracement All indications must be met before entering trade

FMTradingTeam

- 618 fib broken and bulls losing power - strong resistance met - bearish trendline met - resistance line on third contact breaking once then testing again expect to see bears take over - RSI over bought showing further bears losing power - price well above moving average All indications must be met before entering trade

FMTradingTeam

- 4h and daily trendline breakout coming back to retest resistance - RSI oversold - strong support line met and bears failing to power through - long weekly bull trend forming with trendline being met All indications must be met before entering

FMTradingTeam

- 618 fib met and retraced down to the 50 - strong resistance line met - proven historical pivot point - RSI hit overbought with the 618 fib showing further indication of the bulls strength weakening in the pair - price above moving average - weekly bear trend All indications must be met before entering trade

FMTradingTeam

- 618 fib met and struggling to break - strong up trend from may 2020 - previous resistance line turned support - RSI close to oversold adding to the bears losing power at the 618 fib - price well below moving average - 4h & daily trendline met All indications must be met before entering trade

FMTradingTeam

- 786 fib met and rejected - strong resistance line where we have seen a lot of price action in the past - 4h trendline met marrying the resistance - RSI Overbought marrying up with the 786 fib - daily bearish trend met making the price a crucial pivot point - price well above moving average All indications must be met before entering

FMTradingTeam

- 618 fib touched and then rejected - strong resistance line - RSI over bought at the 618 fib marrying resistance - price well above moving average - weekly bearish trendline met - price action supports bulls losing power after the RSI was over bought All indications must be met before entering

FMTradingTeam

- following the 4h trend we could see strong resistance at 76.7 when bulls will start to diminish on the RSI and bears take over - 76.7 has seen to a crucial pivot point historically and recently making it a huge potential sell - after a long and steady bull trend, we can see on the weekly chart coming into trend, where we have seen a sideways trend as the price...

FMTradingTeam

- rough head and shoulders pattern formed - daily RSI overbought - sideways pattern forming as slow day on the markets - strong resistance with third contact rejected - price over moving average - 4h candle closed bearish showing bulls losing strength after massive bullish trend

FMTradingTeam

- 618 fib breached and slowing down - previous support line turned strong resistance - proven pivot point - trendline met marrying the fib and pivot point - RSI overbought - price above moving average - bulls slowing down All indications must be met before entering