Hi everyone I am relative new to price action trading and believe there is no need to use indicators.
However a professional Forex trader recommended the use of MACD or RSI to spot divergence. He will not enter a trade if divergence is showing - he also trades using price action signals.
So I am now a little confused. Would you take this trade or not? I have enclosed an attachment of 4hour chart of GBP/USD and have entered below the fakey. How do you view divergence SINCE IT SEEMS TO HAPPEN A LOT ? The indicator shown below is a 14 period RSI
Regards, Legslapper