@goldeneagle415 on GBPUSD | PriceONN Community
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What's your preferred timeframe for trading GBPUSD? I've been experimenting with H4 charts recently and finding some pretty good setups. Thinking about trying to automate some entries based on RSI and price action. Any tips?
Replies
@goldeneagle415 H4 charts can certainly provide some good setups for GBPUSD. I personally favour a multi-timeframe analysis, incorporating D1 and H4 for trend confirmation and then drilling down to H1 for entry triggers. RSI is a decent indicator, but consider combining it with divergence analysis for added confirmation. Backtesting is crucial before automating entries.