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Hi Traders! EURNZD bearish convergence provides sell opportunity for us. A detailed analysis of this bearish setup is as follows:

EURNZD D1 Chart:

On the daily chart we have a critical zone that has formed based on the fibo levels of the cycles, currently the price has reached this critical zone and is moving lower. In addition to this we also have a bearish divergence that has completed itself, which we may consider as an evidence of bearish pressure. We may now look for more evidences of bearish pressure on lower timeframes in order to join the bears.

EURNZD H4 Chart:

On the H4 chart the price has created a classical setup, we had a bearish divergence and then the price moved lower and created lower lows thus forming a bearish convergence for us, we may consider this as an evidence of bearish pressure. We may now look for pullbacks and sells with more bearish evidences.

EURNZD H1 Chart:

On the H1 chart currently it looks like the pullback that we are looking for is happening, we also have a bullish divergence that has formed which we may consider as an evidence of bullish pressure. Until the last high shown in the screenshot holds, we may look for pullbacks and sells with more bearish evidences. If you want to be more conservative then wait for the price to break below the daily trend line, you may then start looking for sells with more bearish evidences.

Note: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this sell setup then you can use any setup and strategy that you have in your arsenal to look for bearish moves and join this sell trade.

I invite you to join me in my live trading rooms, on daily basis, and improve your trading with us.

Join Traders Academy Club Now 

Also you can get one of my strategies free of charge. You will find all the details here

Regards,

Yordan Kuzmanov
Chief Trader at Traders Academy Club

The post EURNZD Bearish Convergence Provides Sell Opportunity appeared first on Vladimir Ribakov.

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Hi Traders! EURCAD channel breakout provides bearish opportunity for us. A detailed analysis of this sell setup is as follows:

EURCAD D1 Chart:

On the daily chart the price was moving inside a bullish channel. This channel is formed by the highs and lows reaching parallel resistance and support zones. The price which was respecting these two zones so far has currently broken out at the bottom of this channel. We may consider this as an evidence of bearish pressure. Until this breakout holds we may look for possible sell setups on lower timeframes in order to join the bears.

EURCAD H4 Chart:

On the H4 chart the price has created lower lows which we may consider as an evidence of bearish pressure. We may now look for corrections and then possible sells with more bearish evidences.

EURCAD H1 Chart:

On the H1 chart currently it looks like a flat correction is happening in the form of a bearish flag pattern. If the price moves lower and breaks below the bottom of this pattern then it would open the door for the bears. We may then start looking for sells with more bearish evidences.

Note: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this sell setup then you can use any setup and strategy that you have in your arsenal to look for bearish moves and join this sell trade.

Not sure how to spot reversals (bounces)? Not sure how to spot breakouts?

I invite you to join me in my live trading rooms, on daily basis, and improve your trading with us.

Join Traders Academy Club Now 

Also you can get one of my strategies free of charge. You will find all the details here

Yours to your success

Vladimir Ribakov

The post EURCAD Channel Breakout Provides Bearish Opportunity appeared first on Vladimir Ribakov.

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Hi Traders! We have Oil sell setup update and follow up. In the previous post here I mentioned “On the H4 chart the price is moving inside a range, this range is formed by the highs and lows reaching similar resistance and support zones. The price is respecting these two zones so far and it is currently at the middle of the range after bouncing from the bottom. We may now expect one more push higher towards the critical zone shown in the screenshot. Once the price reaches the critical zone we may then look for bearish setups with bearish evidences in order to join the bears”. Lets see how this setup has developed now.

Oil H1 Chart:

The idea we’ve been following in Oil is now starting to become relevant. The price reached the top of the H4 chart range. There is still room for another push higher though.


We can split the potential scenarios into 3.

Scenario # 1:

We may expect another push higher and then we may expect possible reversal from the zone marked in the screenshot.

Scenario #2:

We may expect immediate continuation lower, bouncing from the 100% extension and the beginning of the top zone of the range.

Scenario #3:

Of course would be the invalidation. This is where the price breaks above the top of the range and creates momentum.

Note: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this sell setup then you can use any setup and strategy that you have in your arsenal to look for bearish moves and join this sell trade.

Not sure how to spot reversals (bounces)? Not sure how to spot breakouts?

I invite you to join me in my live trading rooms, on daily basis, and improve your trading with us.

Join Traders Academy Club Now 

Also you can get one of my strategies free of charge. You will find all the details here

Yours to your success

Vladimir Ribakov

The post Oil Sell Setup Update And Follow Up appeared first on Vladimir Ribakov.

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Hi Traders! AUDCAD critical zone provides bullish opportunity for us. A detailed analysis of this buy setup is as follows:

AUDCAD D1 Chart:

On the daily chart we have a critical zone that has formed based on the fibo levels of the cycles and the price which is moving lower has currently reached this critical zone. In addition to this we also have a bullish divergence that has formed which we may consider as an evidence of bullish pressure. We may now look for bullish setups with bullish evidences on lower timeframes in order to join the bulls.

AUDCAD H4 Chart:

On the H4 chart we have a bullish divergence that has completed already, we may consider this as an evidence of bullish pressure. If the price moves higher and breaks above the last high shown in the screenshot, we may then start looking for buys with more bullish evidences.

Invalidation: This buy idea is valid until the last low holds, if the price moves lower and breaks below the last low shown in the screenshot, then this buy idea will be invalidated.

Note: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this buy setup then you can use any setup and strategy that you have in your arsenal to look for bullish moves and join this buy trade.

I invite you to join me in my live trading rooms, on daily basis, and improve your trading with us.

Join Traders Academy Club Now 

Also you can get one of my strategies free of charge. You will find all the details here

Yours to your success

Vladimir Ribakov

The post AUDCAD Critical Zone Provides Bullish Opportunity appeared first on Vladimir Ribakov.

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Hi Traders! We have NZDCHF double scenario forming at the moment. A detailed analysis of this short term buy and long term sell setup is as follows:

NZDCHF D1 Chart:

On the daily chart we have a critical zone that has formed based on the fibo expansion levels of the cycles. Currently the price which is moving lower has reached this critical zone, in addition to this we also have a bullish divergence that has formed which we may consider as an evidence of bullish pressure. We may now look for buy setups with bullish evidences on lower timeframes in order to join the bulls.

NZDCHF H4 Chart:

On the H4 chart we have a bullish divergence that has completed already which we may consider as an evidence of bullish pressure. Until the last low shown in the screenshot holds, we may look for bullish setups with more bullish evidences in order to look for short term buys towards the 38.2 to 50% fibo retrace zones. Once the price reaches these zones, we may then look for bearish setups with bearish evidences in order to start looking for possible sells.

Invalidation: If the price moves lower and breaks below the low (marked in blue line) shown in the screenshot then this idea will be invalidated.

Note: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this sell and buy setup then you can use any setup and strategy that you have in your arsenal to look for bearish and  bullish moves and join this sell and buy trade.

I invite you to join me in my live trading rooms, on daily basis, and improve your trading with us.

Join Traders Academy Club Now 

Also you can get one of my strategies free of charge. You will find all the details here

Yours to your success

Vladimir Ribakov

The post NZDCHF Double Scenario Forming At The Moment appeared first on Vladimir Ribakov.

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Hi Traders! EURAUD critical zone provides bearish opportunity for us. A detailed analysis of this sell setup is as follows:

EURAUD D1 Chart:

On the daily chart we have a critical zone that has formed based on the fibo levels of the cycles and the price which is moving higher has currently reached this zone. In addition to this we also have a potential bearish divergence that is forming at the moment which we may consider as an evidence of bearish pressure. Until this critical zone holds and the possible divergence is not invalidated, we can look for sell setups.

EURAUD H4 Chart:

On the H4 chart we have a bearish divergence that completed already along with nice bearish Engulfing pattern. That’s the first aggressive trigger, if you want to be more conservative then wait for the price to break below the low shown in the screenshot, you may then look for more evidences of bearish pressure in order to start looking for the sells. It would be interesting to see how the 1.6360 level will be handled. False break at the end of the day or the price will remain above it? Reminder that this is a critical level from the D1/W1 charts.

Note: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this sell setup then you can use any setup and strategy that you have in your arsenal to look for bearish moves and join this sell trade.

I invite you to join me in my live trading rooms, on daily basis, and improve your trading with us.

Join Traders Academy Club Now 

Also you can get one of my strategies free of charge. You will find all the details here

Regards,

Yordan Kuzmanov
Chief Trader at Traders Academy Club

The post EURAUD Critical Zone Provides Bearish Opportunity appeared first on Vladimir Ribakov.

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Wall St. Holds On To Gains; Fed Policy Meeting Eyed. Wall Street’s main indexes rose on Monday, with the tech-heavy Nasdaq leading the pack, as investors awaited a key Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year.

The U.S. central bank is likely to leave borrowing costs unchanged at its two-day policy meeting starting Tuesday, but its statement will provide insight into the impact of the U.S.-China trade war, President Donald Trump’s push for a rate cut and weaker economic data on monetary policy.

Markets expect a cut in interest rates as early as July, and the S&P 500 index has risen 5% so far in June on the hope, but the rally lost steam in the past week.

“Most people do not think that there will be a rate cut day after, but they do not want to jump in and make any major asset reallocations until they get more guidance from the Fed,” said Mayra Valladares, managing principal at MRV Associates in New York.

“Investors want to see what language Fed officials use about recent economic data to see if the data will influence the Fed to cut rates later in the year.”

The Fed’s rate-setting committee is due to release its statement at 2 p.m. EDT (1800 GMT) on Wednesday, with Fed Chair Jerome Powell holding a press conference shortly after.

Banking stocks, which tend to benefit from a rising interest rate environment, dipped 0.20%, while the broader S&P 500 financial sector edged down 0.28%.

The Nasdaq Composite index rose, as shares of marquee companies such Facebook Inc, Apple Inc, Amazon.com Inc, Microsoft Corp and Alphabet Inc gained between 0.5% and 3%.

At 13:02 p.m. ET, the Dow Jones Industrial Average was up 55.15 points, or 0.21%, at 26,144.76 and the S&P 500 was up 6.79 points, or 0.24%, at 2,893.77. The Nasdaq was up 61.55 points, or 0.79%, at 7,858.21.

Boeing Co gained 2.16% and lifted the Dow, after the planemaker raised its rolling 20-year industry forecast for passenger aircraft to $6.8 trillion.

Keeping the gains in check for the blue-chip index was a 4% decline in shares of Dow Inc after brokerage BMO Capital Markets downgraded the chemicals maker’s stock to “market perform” on rising macro uncertainty.

Shares of Walt Disney Co dropped 0.61% after a report that Imperial Capital had downgraded the entertainment conglomerate’s shares to “in line.”

Array Biopharma Inc surged about 57% after Pfizer Inc agreed to buy the drugmaker for $10.64 billion to beef up its cancer portfolio. Pfizer edged 0.3% lower.

Investors are also looking forward to the G20 summit at the end of the month for an update on the progress in talks to resolve the prolonged trade war between the United States and China.

Advancing issues outnumbered decliners by a 1.37-to-1 ratio on the NYSE and a 1.47-to-1 ratio on the Nasdaq.

The S&P index recorded 32 new 52-week highs and four new lows, while the Nasdaq recorded 53 new highs and 71 new lows.

Source

The post Wall St. Holds On To Gains; Fed Policy Meeting Eyed appeared first on Vladimir Ribakov.

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Hi Traders! Forex Weekly Forecast Text Format June 16th To June 21st 2019 is here. My team and I always continue to work very hard for you and your success and as we do every week, we have prepared two great gifts for you!

Forex Weekly Forecast Video:

Forex Weekly Forecast 16-21 Of June 2019 - YouTube

And here is the text format of the Forex Weekly Forecast prepared for you specially by my team.

EURGBP:

EURGBP H4:

In this pair we were looking to see some rallies towards the area of 0.89, 0.90. The price is following our plan, we got the first false break and the ideal scenario here would be to see the rally as close as possible to 0.90 after that we want to see the price breaking the low shown in the screenshot, we may then start looking for sells with more bullish evidences.

The alternative scenario here would be to look for the price to create triple lower highs, triple lower lows and then we may look to sell the rallies with bearish evidences.

EURGBP D1:

We need to pay attention to this pair, the levels are critical, divergence is building up, we can see the price slowing down, we can also see the spikes on the top, the closer we get to the 0.90 level we may expect a stronger reaction.

Based on the Crystal Ball statistics we have the critical day as 17th, if it doesn’t happen at the beginning of the week, then the next important days to look for would be the 27th and 29th.

EURNZD

EURNZD H4:

In this pair our plan from previous week was to look for the buys. The price didn’t create a new low with divergence but alternatively it moved higher broke above the downtrend line and since then this pair is rallying.

EURNZD D1:

I believe the price still has room higher based on the potential cycle that is building up, we have a magnet zone that has formed and I believe we are going very close to this zone and from here (as closer as it gets to the psychological area 1.75) I would be start looking for the reversals (I may expect the bearish divergence to take place).

I want the H4 chart divergence to build up and basically from thiis area mark the trend lines and start looking for breakouts and sell the rallies with bearish evidences.

Based on the Crystal Ball statistics the critical days to look for are 17th, 20th and 24th. The closer we get to these areas, we may expect a stronger reaction.

NZDCAD

NZDCAD H4:

In this pair we were looking for the sell opportunities with hidden divergence on the daily and the break of the trend line on the H4 chart. On the H4 chart as we expected the price moved lower and broke below the trend line and this pair paid greatly.

NZDCAD W1:

My view for the longer term remains bearish and sell the rallies with bearish evidences is still my plan.

NZDCAD D1:

On the daily chart we might be exposed to some kind of slow down but I believe we are heading towards the area around 0.85 or slightly higher based on the fibo levels of the cycles.

So my view remains bearish here as long we don’t have any reversal signs.

GBPAUD

GBPAUD H4:

In this pair we were looking for short term rallies and after the rallies our plan was to look for sells. Price is moving exactly as per our plan, we got the rally and the levels shown in the screenshot (1.84 and 1.85) are the ones to start looking for sells with bearish evidences.

GBPAUD D1:

On the daily chart I expect this pair to slow down in the coming weeks and then it might start its journey to the downside. Rallies with bearish setups and bearish evidences would be a good idea here.

GBPAUD W1:

The reason for this bearish view is because of the weekly cycle shown in the screenshot.

NZDUSD

NZDUSD H4:

In this pair we had a double bottom on the weekly and in the daily we wanted to see drops and the price to provide bullish setups. On the H4 chart we were expecting the price to complete the third leg with divergence, making the correction and after the correction, we wanted to see bullish evidences for the buys. We got the triple cycle  and divergence on the H4 chart but after that we got a straight move down through all the fibo levels and we didn’t get an opportunity for the buys.

NZDUSD W1:

This pair still has room lower and very likely the price might be heading towards the magnet zone shown in the screenshot.

NZDUSD D1:

On the daily chart I would be paying attention to the divergence shown in the screenshot.

Note: Pay attention the news from the Fed.

EURUSD

EURUSD W1:

In this pair our plan was to look for retraces and buys. The retraces happened as we expected but the retrace happened in one straight leg through the fibo levels, this is a suspicious sign. Even though the weekly cycle and the divergence still holds this pair starts to become suspicious, we have a lot of confusing signs.

EURUSD D1:

I continue to hold my bullish view here for one reason, that the price might be going for the two waves up.

Or alternatively the price might be moving inside a ranging pattern.

So I would not be rushing into sells, I would still be looking to buy dips with bullish evidences.

Note: Keep an eye on the fundamental news.

USDCAD

In this pair we had a massive drop down after the triple double in the previous week and we enjoyed this move.

The H4 chart gave us cautious sign in the form of bullish divergence and the daily gave us the idea of bearish convergence to sell the rallies.

The rallies are happening however we have a suspicious sign as the price goes through all the fibo levels in one straight leg. As for now the price is still holding the 61.8 fibo level and until this level holds I still think we are going lower.

Alternatively if the price moves higher above this 61.8 fibo level then abandon this idea and the weekly triple cycle might be expanding as shown in the screenshot.

Note: Keep an eye on the fundamental news.

EURAUD

EURAUD W1:

In this pair I am looking for sells in the long term, we have a triple cycle and I may expect potential double wave down to happen.

EURAUD D1:

On the daily chart we have two waves with bearish divergence. The critical areas shown in the screenshot are the ones where I will be looking for sell opportunities with bearish evidences.

EURAUD H4:

The best way here would be, wait for the price to break below the low shown in the screenshot, we may then start looking to sell the rallies with bearish evidences.

AUDNZD

AUDNZD MN:

My long term view remains bullish, we had a special cycle and currently the price is bouncing from the bottom of the range.

AUDNZD D1:

On the daily chart we have a bullish divergence after the two waves. The price is trying to break the most recent trend line, I wanted to see the price going above the 200 MA and then we may look for buy opportunities with bullish evidences.

AUDNZD H4:

On the H4 chart we may look for three higher highs and three higher lows, if we manage to get it then it will be a great continuation for this pair in the longer run.

AUDCHF

AUDCHF D1:

On the daily chart we have a magnet zone that has formed around the 0.68 area and this is the place where I want to see the price bouncing from.

AUDCHF H4:

The way to work with this is to get the divergence, the false breakout and the break of the most recent trend line, we may then look for buys with more bullish evidences.

Alternatively we may look for triple higher highs, triple higher lows and then we may look to buy retraces with bullish evidences.

Silver

Silver H4:

In this our idea was to buy retraces and it worked beautifully. We got the retrace and then the price moved higher almost to the last high as shown in the screenshot. I remain bullish in my view and I expect it to go further.

Gold

Gold H4:

In Gold our plan was to look for retraces and buys. The price moved exactly as per our plan, we got the retrace and then further continuation. My view remains bullish here, we may look for retraces with bullish evidences in order to join the bulls.

US Dollar Index

US$Index H4:

In this we got the lower lows and our idea is to sell the rallies. We got the suspicious sign and the ideal scenario here would be the two waves and the breakout of the trend line as shown in the screenshot for the continuation.

US$Index D1:

One straight leg above all the fibo levels would be a suspicious sign and many things will depend on the fed so keep an eye on that.

Pay attention the broken trend line and also to the H4 chart to make the two waves, if it does then we may look for sells with bearish evidences. My view remains bearish here as long as the invalidation level holds.

I invite you to join me in my live trading rooms, on daily basis, and improve your trading with us.

Join Traders Academy Club Now 

Also you can get one of my strategies free of charge. You will find all the details here

I wish you a wonderful trading week

Yours for your success,

Vladimir Ribakov

The post Forex Weekly Forecast Text Format June 16th To June 21st 2019 appeared first on Vladimir Ribakov.

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Hi Traders! Forex Weekly Forecast June 16th To June 21st 2019 is here. I hope you enjoy your weekend and have a great time.

You can watch the Forex Weekly Forecast video here –

Forex Weekly Forecast 16-21 Of June 2019 - YouTube

If you enjoy the video, please hit the “Like” Button and share your feedback in the comments. Your feedback will be very much appreciated.

I invite you to join me in my live trading rooms, on daily basis, and improve your trading with us.

Join Traders Academy Club Now 

Also you can get one of my strategies free of charge. You will find all the details here

I wish you a wonderful trading week

Yours for your success,

Vladimir Ribakov

The post Forex Weekly Forecast June 16th To June 21st 2019 appeared first on Vladimir Ribakov.

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Hi Traders! Weekly Portfolio Summary June 14th 2019 is here. I share with you the recording of the Live Trading Room which was held by chief trader from my trading team, where you can find the summaries of the trades that we took this week using my strategies.

You can watch it here:

Weekly Performance Summary - June 14th 2019 - YouTube

So traders, this is why I keep saying that we can achieve excellent results by using multiple strategies.

I and my team use my trading systems on daily basis. They are different and each system can suit the best different types of traders.

You can check my road map here to find about all my trading systems and see what works best for you.

You can also get the systems for free thanks to the amazing brokers partnership program we have.

You can find all the details and get your copy right here

And – Don’t miss the chance to be part of my club. We trade live together on daily basis and I teach you all my secrets!

Join us here

Yours to your success,

Vladimir Ribakov

The post Weekly Portfolio Summary June 14th 2019 appeared first on Vladimir Ribakov.

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