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)

GBPNZD Analysis & Trading Plan - 3 Sept 2024 #forex #trading #forexsignals #fyp #shorts

3 Sept 2024 · 1 min

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In this short video, Vladimir Ribakov explains why he views the GBP/NZD currency pair as a short‑term buy. He walks through a multi‑timeframe technical analysis: on the daily chart a hidden bullish divergence turned into a basic MACD divergence (price makes higher lows while the MACD histogram makes lower lows); on the 4‑hour chart the recent trendline is broken to the upside; and on the 1‑hour chart the pair is forming a classic bullish pattern with three higher highs and higher lows, indicating bullish momentum. Ribakov notes that short‑term pullbacks are welcome and that, provided key Fibonacci retracement levels hold, he will look to enter on those pullbacks to join the upward move. The overall message is a cautiously optimistic short‑term bullish trade plan based on specific technical signals.

Chapters

Here is why I believe pound New Zealand is a buy on a short term. On a daily chart, after a bullish hidden divergence when the market was making higher lows, the MACD made lower lows, it flipped to be a basic divergence— lower lows on the chart, higher lows on the MACD histogram. The most recent 4-hour chart trendline is broken to the upside, and as it happens, the 1-hour chart is completing A bullish price action and bullish momentum. Three higher highs, higher lows. Short-term pullbacks are very welcome, and as long as these Fibonacci levels you see on the charts hold, I will be waiting for these pullbacks to join the bullish momentum.