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)

AUDUSD Analysis & Sell Trading Strategy Explained - 11 April 2024 #forex #trading #forexsignals

11 Apr 2024 · 1 min

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Vladimir Ribakov analyzes AUDUSD on the 4-hour and 1-hour charts, identifying a bearish trend with three consecutive lower highs and lows. A MACD divergence and break below a rising support line signal strong downward momentum, with two key price levels marking where to sell rallies.

Chapters

Here is my AUDUSD sell trading plan. 4-hour chart had a clear bearish trending structure creating 3 lower highs, lower lows. 2 waves pullback ended up with a bearish divergence on the MACD and break below the rising supportive line gives a great bearish momentum. On the 1-hour chart, we can see the market making lower lows on the chart and lower lows on the MACD histogram creating a bearish convergence. These are the 2 key levels, and as long as they hold, sell the rallies is my trading plan. Join Home Trader Club for complete trading courses, real-time trading education, and real-time trading opportunities.