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)

GBPUSD analysis & sell opportunity - 9 April 2024 - By Vladimir Ribakov #gbpusd #trading #forex

9 Apr 2024 · 1 min

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In this concise forex market analysis, Vladimir Ribakov outlines a short‑term sell strategy for the GBP/USD pair. He identifies a strong daily resistance level accompanied by a bearish MACD divergence, indicating potential downside pressure. On the 4‑hour chart he points out a clear downtrend characterized by three consecutive lower highs and lower lows, currently undergoing an ABCD corrective pullback. Ribakov highlights two critical resistance zones; a break below either the rising support line or the ABCD line would serve as a trigger for a sell entry, with expectations of further bearish continuation. The video concludes with a brief promotion for the Home Trader Club, offering trading courses and real‑time education.

Chapters

Here is my sell trading plan on the pound dollar. Daily chart has a strong resistance and creates a bearish divergence on the MACD indicator. 4-hour chart makes a clear trending structure— 3 lower highs, lower lows— and currently making the ABCD pullback. There are 2 key resistance zones I'm interested in. As long as they hold, I will be looking for sell. And an example for such setup could be break below the rising supportive line or the ABCD line. That could trigger a sell and further bearish continuation. Join Home Trader Club for complete trading courses, real-time trading education, and real-time trading opportunities.