Vladimir Ribakov analyzes CAD/JPY showing bearish divergence on the weekly chart and a shift to lower lows on the 4-hour. He expects a corrective move down toward the swing-high/swing-low meeting point or deeper toward the 200-day moving average, using a sell-the-rally approach.
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Hey guys, how are you? Vladimir here from Traders Academy Club, and in this video I would like to share with you my technical analysis on the CAD/JPY, a pair that we started to follow on the last weekly forecast and the pair that, um, I would say moves well on the last couple of days. So I would like to share with you my analysis and what we— I anticipate and expect from this pair Uh, from, uh, now on. But before we go to the, to the charts and share all the great technical things there, if you are new to this channel, welcome to our fantastic community. Please subscribe with the subscribe button below the video. And also welcome to our trading family, Traders Academy Club, where you will enjoy from our full VIP price action course, real-time trading opportunities, real-time trading education, uh, our amazing trading community. And I hope to see you with us. To join our family, just follow the link below this video in that description. So what do we have on the CAD yen? And as I said before, this trade was shared with you in the weekly forecast, the last weekly forecast. If you missed it, you can find the video directly in my channel. The based on this analysis, I would like quickly to repeat what did we have there. So clear three waves that we had there with a beautiful bearish divergence. So due to that and the fact we are bouncing off the weekly and monthly swing high, I would expect to see a corrective movement. And once the four-hour chart made drop down here. Okay, we had, uh, the higher highs, higher lows, and we flipped the trend by making lower lows. The idea was sell the rally. So we got the rally towards the previous swing high, clear resistance. Look at this volume zone here. You see this? This is, uh, the volume profile, uh, resistance area. And since then, we got a beautiful flip. By the way, with all these tools I am using right now and the indicators you can see on my chart, the Key Trading Levels indicator and my Virtual Trading Pen, you can go and download them absolutely free below this video in the description. Uh, you can find the links to that Virtual Trading Pen, KTL indicator, Key Trading Levels indicator. Uh, download it, install it, enjoy it. So what would I expect to see from this pair? Let's go to answer this question. Let's go and repeat the longer time analysis. So let's start with the weekly. According to the weekly, all we've had so far is these higher highs contradicting with lower highs on the MACD. Not usually not a trend-changing divergence, which makes me think that after some corrective movement, very possible scenario is to see another rally. Until some significant moving average divergence will build up, but it's enough to bring some bearish pressure at the moment. And with this, you see this beautiful dark cloud candle pattern on the end of the previous week with a false breakout. Look at this false breakout, fake high attempt to break above the high failed attempt blocked with the bearish divergence, right? So higher highs in the chart. With a fake high, false breakout above the previous high, bearish divergence on the moving average of the MACD as well, the RSI. It all brings the beautiful bearish momentum. So taking this analysis and taking it to the lower time frame ways, the way I expect from this pair is one of the following, uh, 2 scenarios. But before that, I would really ask to, um, I would really like to ask your help if you find this idea and generally all the ideas I share with you, uh, helpful, useful, educational, uh, please show your support back. Hit this like button below this video. If you have any questions or any feedback, I will be more than happy to see your feedback in the comment section. And thank you very much, of course, in advance to all those of you who take the time to help. So, um, according to the waves and higher time frame analysis, one of the next 2 scenarios Um, I would be paying attention to. Again, assuming the analysis is correct, the next waves, uh, format should be the following: or we get 3 waves down, and I'll try to draw it a bit smaller, 3 waves down and then corrective movement and further continuation. So basically this would like become first daily wave correction and second daily wave. Okay, and the second scenario for that Is a zigzag. So what does zigzag mean? Two waves down, two waves up, and then break below this structure and take us all the way down. As per the targets from the longer timeframes, so the first target, again assuming the analysis would be correct, would be this amazing supportive zone—the swing high and the swing low meeting point right here. And the next one is all the way— oops, sorry— next one is all the way lower at this area right here, okay? Slightly below than the amazing, um, 100 level and close to the daily 200 dynamic moving average. So this pair could deliver. Of course, I don't expect to happen within a day. It would be amazing if it does, but, um, the chances are pretty rare for that. But the way it forms and the way it builds up, as for now at least, looks like this one has a true potential. So this is my idea and my follow-up on the CAD/JPY pair that I shared with you on the weekly forecast, and I just wanted to make a follow-up and explain my anticipation. So I hope you enjoy this one, and I hope you find it also, uh, helpful. And once again, welcome to our trading family, Traders Academy Club. Um, enjoy the access, as you can see on this very image, to our full VIP price action course, real-time education, real-time trading opportunities, and our amazing trading community. We are there for you to help in your trading journey. Join our family with the link below this video, uh, in the description. Thanks for your time watching this video. I'll see you soon with more. All the best to you and yours, and bye for now.
