We might see a great sell setup very soon on the H4 chart of AUDUSD. There is a confluence of 2 trend lines coming from the highs. Fibo expansion 61.8% falls into that zone as well.

Technical Analysis

H4 – trend lines confluence, fibo expansion level, divergence

 

Entry
False break of the confluencing zone could be a great sell trigger.

 

Targets
Last low which is also a good support zone, leave the second part of the trade running afterwards.

 

 

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.

Recent Posts

Overtrading in Forex: Why Traders Force Trades and How to Stop

Have you ever opened your trading platform, watched the market move, and felt that you…

2 days ago

How Employment Data Affects Forex: Jobs Growth and Currency Strength

Employment data is one of the most important economic indicators in Forex fundamental analysis. It…

4 days ago

Weekly Forex Forecast: Sell EUR/USD, EUR/GBP, USD/JPY, Gold and S&P 500 – 18 October 2026

Welcome back to our weekly Forex forecast at Home Trader Club. This week, we are…

6 days ago

How GDP Affects Forex: What Traders Need to Know About Economic Growth

GDP growth is one of the most important indicators of economic health. But does stronger…

1 week ago

How the Federal Reserve Affects Forex and the US Dollar

When it comes to fundamental Forex analysis, few institutions matter as much as the Federal…

2 weeks ago

How Interest Rate Expectations Move the Forex Market

Interest rates are one of the most important fundamental forces in the Forex market. But…

3 weeks ago