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 Buy Trade Fully Explained - 13 Sep 2024

14 Sept 2024 · 1 min

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In this video Vladimir Ribakov provides a concise walkthrough of a GBPNZD (British pound vs New Zealand dollar) buy trade he previously posted. He outlines a straightforward trading plan on the 1‑hour chart: anticipate a retracement to specific Fibonacci levels, wait for price to respect that zone, and then enter a long position expecting further upside. The price indeed pulled back to the Fibonacci zone, held, and generated a roughly 200‑point rally, confirming the plan. The segment serves as a follow‑up validation of the earlier trade idea.

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Here is pound New Zealand buy trade fully explained. A quick follow-up to the buy trade we shared with you on this very channel in this very post. Our trading plan was very straightforward. On the one-hour chart, we expected to see retrace to the Fibonacci levels, the ones you see here, and from there, as long as the Fibonacci levels hold. We expected further buying. As we can see here on the 1-hour chart, the price retraced down to the Fibonacci levels, respect the zone, and delivers phenomenal rally for about 200 points.