Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

AUDNZD analysis and trading plan #forexeducation #weeklyforexforecast #forex #forexsignals

7 Feb 2023 · 1 min

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Vladimir Ribakov analyzes AUD/NZD's bearish trend by mapping lower highs and lows to identify supply zones. He highlights two key zones that should act as rejection areas, creating sell opportunities and short-term downside bounces for traders.

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we have— if we connect the lower highs, lower lows we have here in this bearish trend, we receive several important supply zones. And if we go all the way to the bullish trend, you can clearly see that there are 2 important zones on the way as well, which makes me think the Aussie Kiwi is very, very, very likely to have some rejection area right on these zones and to provide some classical sell opportunities, or at least some short-term bounces to the downside.