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)

EURAUD Sell trading strategy fully explained 21 December 2024

21 Dec 2024 · 1 min

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1:18

Vladimir Ribakov reviews a EUR/AUD short trade from November 6 that dropped over 300 points. The setup: a 100% Fibonacci extension bounce on the 4-hour chart and a broken downtrend line on the 1-hour chart with three lower lows and highs. He sold the rallies while the levels held.

Chapters

Here is a quick follow-up on a sell trade we shared with you on November 6th, EUR/AUD sell. So this sell trade was shared with you on November 6th in this very channel. Let's quickly take a look on the reasons behind the sell. We saw on the 4-hour chart the EUR/AUD bouncing off key Fibonacci extension level, 100% extension. After that, the 1-hour chart recent trend line was broken to the downside and created a classical bearish price action, 3 lower lows, Lower highs. The plan in that case is very simple: sell the rallies as long as the Fibonacci levels you see on this screen hold. And here is a quick follow-up on the Euro Aussie. It bounced back or retraced back to the Fibonacci levels, hold there, respect there, and crashes down from there to deliver more than 300 points to the downside. Join our trading family, the Home Trader Club, and get your access to. Full comprehensive complete trading courses, real-time trading education, and real-time trading opportunities. Link in the bio.