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)

NZDJPY buy trade explained - 2 May 2024 - By Vladimir Ribakov #trading #forex #shorts

3 May 2024 · 1 min

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In this short video, Vladimir Ribakov walks through a 4‑hour chart of the NZD/JPY pair, highlighting a clear bullish structure marked by three higher highs and higher lows. He points out a key support zone and recommends buying pullbacks while that zone holds. Ribakov then explains a classic bullish MACD divergence—price makes lower lows while the MACD makes higher lows—and shows the entry trigger occurring when price breaks above a falling trendline. The trade subsequently generates a strong rally, delivering a sizable profit.

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Here is my New Zealand yen buy trade explained. On the 4-hour chart, 3 higher highs, higher lows, which means bullish trending structure. The buyers are in control. This is a key support zone. As long as it holds, buy the pullbacks is the trading plan. The pullback happens to be, and at the end of the pullback, look how classical the trigger is. Lower lows on the chart, higher lows on the indicator MACD, completing the bullish divergence. The trigger comes with break above the falling trend line. And as we can see, New Zealand yen delivers absolutely astronomical rally to deliver great profit.