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)

SILVER buy trading strategy explained - by Vladimir Ribakov #trading #forex #hiddendivergence

30 May 2024 · 1 min

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In this video, Vladimir Ribakov of Home Trader Club walks through a silver long trade on the daily chart. He outlines how the price, after a strong bullish rally, retraced to the 38.2%–50% Fibonacci zone, where a bullish hidden divergence appeared (higher price lows paired with lower MACD histogram lows). At the end of the pullback, a classic bullish divergence formed (lower price lows with higher MACD lows) and the recent trend line was broken. Ribakov recommends buying pullbacks as long as the recent low holds, a simple plan that resulted in a move of over 400 points in silver’s favor.

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Hello traders, Vladimir here from Home Trader Club. Here is the strategy behind the silver buy trade. On a daily chart, after a strong bullish run, the price pulled back towards the Fibonacci levels and bounced right in between the 38.2% to 50% Fibonacci. Then a bullish hidden divergence created one of the best signs for trade continuation: higher lows on the chart, lower lows on the MACD histogram. At the end of this correction, bullish divergence between the 2 most recent lows. Lower lows on the chart, higher lows on the MACD. The recent trend line is broken. What else do we need as a bullish sign? Buy the pullbacks as long as the recent low holds is the simple trading plan. Silver does not disappoint and makes a huge move of over 400 points.