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)

GBPAUD buy trading opportunity explained #forexeducation #forex #forexsignals #forextrader forext

31 Jan 2023 · 1 min

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In this video, Vladimir Ribakov outlines a technical setup for a potential long position on the GBP/AUD currency pair. He focuses on a Fibonacci expansion zone around the 100% level near recent lows, describing how price should reject this area. The ideal scenario involves the price making lower lows on the chart while related indicators—such as the histogram, moving averages, and RSI—show higher lows, creating a divergence that signals a likely reversal. Ribakov emphasizes watching for the formation of a top and subsequent rallies as confirmation of the price rejection before entering the trade.

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Right? And the next one is the 100, right next to the lows we discussed before. Okay, so it's surrounding this very area also with Fibonacci expansions, classical zone. So what I want to see there is the price to reject. How? By completing— this would be the ideal scenario, let me just show it quickly— by completing the low here, like This would be the ideal scenario. Make the low, lower lows on the chart, higher lows on the indicator to build. Could be the histogram, moving averages. Likely to assume that RSI will join the party as well. And from there, I'll be looking for the price rejection. Okay, so I will want to see this top created and the rallies