Hi,
I'm a newbie to this forum and to forex trading too - been learning since march this year.
I am using various signals including SMA. Daily GBPUSD has been trading above the 10 and 20 ma since april, but twice this week it has tested and gone below 20 ma, although it hasn't yet closed below it. imho, a close below the 20 could signal a potential down trend?
I'm a newbie to this forum and to forex trading too - been learning since march this year.
I am using various signals including SMA. Daily GBPUSD has been trading above the 10 and 20 ma since april, but twice this week it has tested and gone below 20 ma, although it hasn't yet closed below it. imho, a close below the 20 could signal a potential down trend?