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)

EURGBP buy trade explained - 22 May 2024 #trading #forex #forexsignals #shorts

23 May 2024 · 1 min

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Vladimir Ribakov breaks down a EUR/GBP long trade from May 22, 2024 using three signals: a bullish Parabolic SAR turn, a MACD divergence where price hit lower lows but the indicator hit higher lows, and a break above a falling trendline after a two-wave pullback. The support zone held and the trade rallied.

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Hello traders, Vladimir here from Home Trader Club and here is an explanation on buy trade we took. This trade was published on trading blog vladimirrebakov.com and here is the reason why I was after buy. Parabolic SAR indicator becomes bullish, MACD hints a bullish divergence— lower lows on the chart, higher lows on the MACD. Classical structure on the chart— higher highs on the chart, higher highs on the indicator. The plan is buy the dips as long as the supportive zone holds. The pullback Pullback happens to be in 2 waves completed with a bullish divergence on the MACD and then breaking above the falling trendline triggering the buy trade. And the EUR/GBP does not disappoint and deliver a great rally. Join Home Trader Club for complete trading courses, real-time trading education, and real-time trading opportunities.