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 Sell Trade Fully Explained - 23 April 2024 #forex #trading #forexsignals #shorts

24 Apr 2024 · 1 min

Watch on YouTube

0:58

Vladimir Ribakov shorts GBP/NZD after spotting a bearish divergence where price made higher highs but MACD made lower highs. He uses a break below a rising support line as the sell trigger, and the trade moves strongly in his favor.

Chapters

Here's a pound New Zealand sell trade we took, fully explained. High Kanashi candles are all in a bearish control. The idea: sell the rallies. ADX indicator was bearish, as you can see right here. The MACD indicator is full on the negative zone, gives no doubt who is in control. Hint: the sellers. As long as this key resistance level hold, the plan is sell the rallies. And here come the rallies. And at the end of the rallies, we got a classical trigger to sell. Higher highs on the chart versus lower highs on the MACD indicator complete a bearish divergence. A break below the most recent rising supportive line is the trigger to sell. And as we can see, the pound New Zealand delivered phenomenal bearish move. Join Home Trader Club for complete trading courses, real-time trading education, and real-time trading opportunities.