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 trading idea explained #weeklyforexforecast #weeklyforexanalysis #forexeducation

24 Jan 2023 · 1 min

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0:37

Vladimir Ribakov analyzes AUD/NZD, noting a former resistance level now acts as support backed by the lower Bollinger Band. He spots a bullish hidden divergence: price makes higher lows while MACD histogram makes lower lows. Wait for bullish confirmation before going long.

Chapters

building beautiful correction, and usually such corrections tend to stop within the, um, supportive area. So we had the resistance here, it becomes a support. The lower Bollinger Bands in the moment, and then we are very possibly to create here a bullish hidden divergence— higher lows on the chart, lower lows on the indicator. In the histogram, MACD histogram. So from this zone, I would be looking to, to find bullish evidences and the price