DislikedHi Khaled,
I personally wouldn't buy GBP/USD at this time even though D1 MACD is showing "uptrend" because we are in a strong weekly and even monthly down trend now. I also still have one sell position open from a few weeks back so I won't touch GBP/USD until either SL or TP target is reached.
Also, GBP/USD is one of the harder pairs to trade as it is a volatile pair, I actually use a 260 pip SL and a 320 pip TP with GBP/USD as well as most other GBP cross pairs.Ignored
when you look at the daily trend, do you just look at the ma crossovers on the MACD or the MACD bars as well ? for example, if the MACD bars are above zero indicating a buy, but the ma's have crossed and pointing downwards, - the white line has crossed the red line and going down indicating a downmove. would this still be a buy as the MACD bars are above zero and 'up' even though the ma's have crossed downwards. how would you interpret this ?