@brandonthompson on GBPUSD | PriceONN Community

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brandonthompson
brandonthompson PRO newbie
GBPUSD Feb 20
I'm trying to figure out the best way to use the 200 SMA to confirm trends on GBPUSD. I see it's way up at 1.359, so clearly we're below that long-term average. But how much weight do you give it when the price is already trending down? Is it better to wait for a retest of the SMA before entering a short position, or does the current bearish momentum outweigh that consideration? I'm also curious about combining the 200 SMA with other indicators like the MACD. Anyone have experience with that? I'm trying to refine my entry signals.
GBPUSD

Replies (1)

L
lwilson17 PRO newbie Feb 20
@brandonthompson I'm pretty new to this, but from what I understand, the 200 SMA is more of a long-term thing, right? If the price is already trending down, maybe it's better to look at shorter-term moving averages like the 20 or 50 SMA to confirm the downtrend? Just a thought.
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