Categories: Technical Analysis

U-turn is coming

Hi friends,

The week has started and the market is seeking for buyers. One of the pair that will look for buyers soon is the AUDNZD. Here is the 4H chart:

The red line is the daily trend line meeting. We have two wonderful supports and we have divergence forming. As it looks for now, the pair will look to stop and turn around and rise from this range. Our protection is below the last support and the trend line.

I wish you a wonderful day

Vladimir Ribakov

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.

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