FX.co ★ dusty24 | GBP/USD

Hello traders! What can we do here on GBPUSD on the H1 timeframe? I find the Parabolic SAR more suitable for determining trend changes. The current reading is 1.33966, compared to the candle closing price of 1.33645. Since the Parabolic SAR is above the closing price, selling pressure prevails at the moment. The final decision in trading for me comes from the Moving Average. If it confirms the Parabolic SAR, then I enter the market. Currently, the average is at 1.33718. As I mentioned, the "Masha" (Parabolic SAR) is above the price, indicating a good opportunity to open a sell position. Once the current price crosses the Parabolic SAR, I see no further reason to continue. I will close the trade regardless of the outcome.

Since I don't have a lot of funds, I do not trade on the daily timeframe. However, I will definitely look at it to understand where the main money flow is heading. Analyzing the prices on the daily timeframe: candle closing at 1.33751, Parabolic SAR indicator at 1.34559, MA indicator at 1.33787. The larger scale has been determined for selling, so we are also expecting sales on a smaller scale.