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 buy alerts and trading plan explained - 15 Feb. 2024 #eurusd #forexsignals #forexeducation

15 Feb 2024 · 1 min

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1:00

In this video Vladimir Ribakov explains why he sees a short‑term buying opportunity on EUR/USD. He examines three time‑frames: the daily chart shows the pair bouncing off a large demand zone and respecting a rising support line; the 4‑hour chart reveals the end of three bearish waves accompanied by a bullish MACD divergence (price makes lower lows while the MACD makes higher lows); the 1‑hour chart shows a break of a falling resistance line, a fake low, and the formation of higher highs, completing a classic continuation pattern of three higher highs, higher lows, a pull‑back, and then further upside. Ribakov concludes that the setup points to further upward movement and invites viewers to join his Home Trader Club for real‑time trading education and alerts.

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Here is why I believe the euro-dollar can be a very interesting buy opportunity on the short term. On the daily chart, the euro-dollar is bouncing off massive demand area after cleaning these lows. Besides that, a rising supportive line is being retested and respected so far. On the 4-hour chart, these massive 3 bearish waves come to the end with a bullish divergence. While the market is making lower lows, indicator MACD moving averages in that case is making higher lows. On the 1-hour chart, the most recent falling resistance line is now broken. Besides that, after making a fake low, the euro dollar managed to make higher highs. A classical condition would be the push further with me to complete 3 higher highs, higher lows, pullback, and then we can expect further continuation up. To enjoy real-time trading education, real-time trading opportunities, and so much more, join our trading family, the Home Trader Club.