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 #forexeducation #trading #forex #forexsignals #audnzd #shots

21 Jun 2023 · 1 min

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In this segment of his AUD/NZD forex analysis, Vladimir Ribakov examines the current price action to identify a potential short‑trade. He highlights a supportive zone that coincides with a massive volume area, suggesting a sell‑back opportunity that could extend slightly lower. Ribakov then shifts focus to the 4‑hour chart, emphasizing the significance of a strong Bollinger Band duplication: the most recent candle closed near the first Bollinger Band, and the next duplication aligns with a nearby supply level. He argues that this confluence of Bollinger Band behavior, volume concentration, and supply zones creates a critical area that could dictate future price movement, and any rally toward these zones should be watched closely for possible reversal signals.

Chapters

opportunity for a sell back to the supportive zone here, maybe even slightly lower to the massive volume area we have in this zone. So going to— before I'm going to the 4-hour chart, take a look how it looks like on the Bollingers with the breakout. But from this candle where we got the momentum through, even one before We are right now on the very strong first Bollinger Band duplication. But even from the candle that managed to close here, we can see that the next duplication is exactly next to the next supply. And that's what makes me exactly think that one of these areas will be the critical one when this one has, of course, more weight and value. Every rally towards these zones or close to these zones with very