Vladimir Ribakov analyzes AUD/NZD on October 23, 2019, identifying a bearish divergence on the daily chart suggesting a 38-50% retracement. He spots a hidden bearish divergence on the 1-hour chart as a short-term sell signal, using his Forex Triple B system and Bollinger Bands to time entries before a potential bullish reversal.
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Hello traders, how are you? Vladimir Ribakov here from Traders Academy Club. Welcome to the Forex Day Trading Idea. Today we are on the 23rd of October 2019. Yesterday I've covered a New Zealandian dollar sell and then buy idea. And if you've missed the video, right now on the right top corner of the video you will have the direct link to watch it again. The idea we had was to sell the short term right here, was to sell the short term until we get the correction done and look for the buy opportunities. So that's what we wanted to see, and that's what we Expected to see further on. Today on the list is the new, the Australian versus the New Zealandian, and here is the way I see this pair going. Before I dig deeper, I would like to welcome all those of you who watch my videos for the first time. Would like to invite you to subscribe to the channel right below the video in the subscribe button. Just remember to enable the ring notification. Would also like to invite you to join the live trading rooms with the link below the video. That's the place where you would be exposed to all the trading ideas day after day, backed up with live trading rooms and trading reports. You can also follow us in the free Telegram channel. The link to that is also below in the description. And if you enjoy the trading idea or, uh, the work I do for you in the channel Please leave your feedback in the comment section below. So what do we have on the euro— on the Aussie versus the Kiwi? Triple cycle on a daily time frame with the bearish divergence and the expectations to see correction. We expect correction, possible correction towards the 38 down to 50%. Dropping to the 4-hour chart, we got the corrective cycle, 2 waves. Actually, it was developed into triple, and then we have been enjoying a beautiful rally, a rally that was blocked with the bearish divergence. It's time to reanalyze and see what's what's going on, and by invalidating the rally of the break below that this rising trend line, basically what we get here is a bearish structure due to all these facts and the fact that daily still has the room in this. Cycle. The expectations from the Aussie versus the Kiwi to reach lower towards this magnet zone of the cycles. This magnet zone is built by the 38.2 retrace of the Fibonacci from the daily, 4-hour chart expansion of these 2 waves, deeper 2 waves correction, and the expansion of the current developing leg on the 4-hour chart. So long story short, my view here— just erase the lines— my view here is bearish, looking for sell ideas. And right now, as you can see, the 1-hour chart provided a bearish hidden divergence for a beautiful sell. Some sort of possible retraces here which we might face, and they will come Great for us for further sell. For those of you who own any of my systems, one of the systems that it's good to use in such case is the Forex Triple B. We have a clear trend going on on the Bollinger Bands trending structure that that's sorry let's draw it on yellow would be a bit clearer. A classical bearish structure. So retraces should provide a great opportunity on the sell. That could be applied both on the daily and 1-hour combination and also on the lower time frame with a 4-hour and a 15. This one also delivered a bearish trending structure, then provided us the 2 waves retrace in a bearish trending condition, as you can see here on the higher time frame, and a beautiful sell on the go. And the every retrace in a bearish continuing structure here might be the one that will provide further another opportunities. So my personal on the Australian versus the Kiwi is on the short term bearish sell the rallies until the ABCD corrective structure on the four-hour chart would recreate itself. And turn bullish, then we will switch for buys. So that's pretty much all for today. Let me know what do you think about the Aussie Kiwi? How do you see that bearish, bullish? Where to? Where from? Thank you very much for watching. I hope you find this video helpful, educative. And interesting. If you do, then please leave your support, show your support back, and leave your feedback in the comment section below. Your help is much appreciated. And by the way, this video is completely free for the community, so feel free to share with anyone who you would like with and you believe can find benefit by watching it. So once again, thank you for your time. I'm Vladimir Bakov, and I'll see you tomorrow. Ciao for now.
