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 short term sell plan explained #forextrading #tradingtips #gbpusd #forexsignals #fyp #shorts

12 Dec 2024 · 1 min

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Vladimir Ribakov identifies a hidden divergence on the MACD as a bearish signal for GBP/USD, though he notes the 4-hour chart just completed a three-wave pattern that could trigger a brief bounce before the sell setup fully develops.

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itself should be a good sign for a sell, especially when we have a hidden divergence building up, MACD yet to tick to the downside, it was not completed, and we understand 1+ 1 usually equals 2. That should be a good sell, right? However, the contradicting sign to that is that the 4-hour chart also completed some 3 waves here, which many times could bring some correction movement corrective movement before another attempt to rally and then, only then, join the bigger trend.