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)

The power of trend line breakout in a trending market #trading #forex #shorts #viral

1 May 2024 · 1 min

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In this short, Vladimir Ribakov demonstrates the power of a bullish trendline breakout using the GBP/CAD pair. He outlines the market structure—a clear uptrend with three higher highs and higher lows, followed by a classic two‑wave pullback. At the pullback’s end, a bullish MACD divergence appears, confirming momentum. Two key support zones are identified; as long as price respects these zones, the plan is to go long. The decisive entry trigger is the price breaking above the downtrend line and holding, which leads to a strong rally in GBP/CAD. The video serves as a concise instructional example of combining trend structure, MACD divergence, support zones, and trendline breakout for a bullish trade.

Chapters

Here is an example of the power of bullish trend with trendline breakout. On the pound CAD, we spotted bullish trend, 3 higher highs, higher lows with a classical pullback. At the end of the pullback, which happened to be in 2 waves, there is a bullish divergence on the MACD. These are the 2 key zones that act as support. As long as they hold, the plan is to go buy. And here is the downtrend line breakout in a bullish trend. The trigger happens directly with the breakout as soon as the price goes above the trend line and holds above. And as we can see here, the pound CAD did not disappoint and deliver a massive rally.