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)

NZDCAD buy trade explained - 6 June 2024 - by Vladimir Ribakov #forex #trading #fyp #investing

6 Jun 2024 · 1 min

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In this brief market commentary, Vladimir Ribakov of Home Trader Club analyses the NZD/CAD forex pair. He notes that the daily chart has broken the most recent upward trendline, indicating bullish momentum. On the 4‑hour chart he identifies a classic bullish price‑action structure with three higher highs and higher lows, suggesting a continued uptrend. Ribakov expects short pullbacks to the downside before the next move higher, and he proposes a buy entry if key Fibonacci retracement levels hold. The video concludes with a promotion for Home Trader Club’s trading courses, real‑time education, and live trading opportunities.

Chapters

Hello traders, Vladimir here from Home Trader Club. New Zealand CAD, buy, sell? Let's take a look on the charts. Daily chart breaks the most recent trend line to the upside. 4-hour chart, complete classical bullish price action structure, 3 higher highs, higher lows, bullish trending condition. I believe shorter pullbacks to the downside are coming soon. But after that, as long as these key Fibonacci levels hold, I believe that should provide buy opportunity. Join Home Trader Club for complete trading courses, real-time trading education, and real-time trading opportunities.