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)

EURUSD analysis and sell trade explained - 18 April 2024 #trading #forex #shorts

19 Apr 2024 · 1 min

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Vladimir Ribakov analyzes EUR/USD across three timeframes, identifying a bearish setup after the price broke below support lines on the weekly and daily charts. He recommends selling rallies within the downtrend as long as two resistance levels hold.

Chapters

Here is a sell trading opportunity on the EUR/USD. Weekly chart breaks below the rising supportive line after completed a bearish divergence— higher highs on the chart versus lower highs on the indicator. Daily chart breaks its own supportive line— 2 waves to the upside was broken simultaneously with the weekly rising line. 4-hour chart completes a classical bearish trending structure— 3 lower highs, Lower lows. It's a bearish trend pattern. As long as these two key resistance levels hold, my plan: sell the rallies.