Devious1

Devious1

Downtrend Continuation looking good for start of next week, worth the risk/reward based on POC at 109.533 and first TP would be 110.030, SL placed at 111.394. Both RSI and Stoch 200 showing bearish , Price has been hugging EMA 15 , Not a lot stopping price freefalling to 110.030

Devious1

As on my previous trade GBPJPY short we now have identical setup on GBPUSD, RSI and Stoch 200 have both dipped below 50 showing bearish confirmation, POC is above price and we have rejection off ema 15 for entry ,,, go short and manage your trade

Devious1

RSI 200 dips below 50, Stoch 200 dips below 50, You cannot see this on my chart but Price is also below POC on H1 over the last 200 periods, wait for stoch retrace to 50 and enter or use your descretion