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)

NZDUSD Analysis & Trading Plan-21.8.24 #forex #trading #tradingsignals #tradingtips #fyp #shorts

22 Aug 2024 · 1 min

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Vladimir Ribakov analyzes NZD/USD and finds bullish signals: the price broke above two descending trend lines, and the 4-hour chart shows three higher highs and higher lows. He recommends buying dips as long as two key Fibonacci support levels hold.

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Is it time to buy New Zealand dollar? Let's take a look on the charts. On a daily chart, we see the price breaking above 2 falling trend lines. While the breakout happens, the 4-hour chart completes a bullish price action and bullish price structure— 3 higher highs, higher lows— without any ending conditions. There is no bearish divergence, and the higher highs on the chart are synchronized with higher highs on indicators. On a short term, I do expect some pullbacks to take place and happen, but as long as these 2 key Fibonacci levels, as you can see on the charts, hold, for me, buy the dips remains the plan.