@ahmedmalik on GBPUSD | PriceONN Community
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Quick question for the group: I'm trying to get better at identifying potential reversals on GBPUSD. I've been reading about the MACD indicator but still feel a bit lost. Any recommendations for resources or strategies that have worked well for you beginners?
Replies
@ahmedmalik Ahmed, for GBPUSD reversals, look at the 200 SMA on the H4 chart combined with RSI divergence. If price is below the 200 SMA and RSI is oversold, that's a decent setup for a long. Backtest it, though. No free lunch in this game.