Vladimir Ribakov analyzes EUR/USD across multiple timeframes on June 8, 2022. He identifies a weekly bounce near a high-volume zone and daily divergences suggesting an upward correction, despite the negative market environment. On the 4-hour chart, a tight range breakout with strong volume would trigger continuation, while failure would lead to a deeper correction toward the next volume zone.
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Hello traders, how are you? Vladimir here from Traders Academy Club, and in this video, my analysis on the EUR/USD and what do I expect to happen with this pair. But before that, if you are new to this channel, welcome to our community. Please subscribe with the subscribe button below this video, and also welcome to our trading family, Traders Academy Club. Where you will get your access to our full VIP price action course, and you will enjoy from all our real-time trading ideas and real-time trading education. Meaning every single trading opportunity comes with a detailed dedicated video covering all the trading techniques behind this trading opportunity. So join us with the link below this video in the description, and I hope to see you with us. So the EUR/USD, and this would be also a follow-up to the recent videos I uploaded on my channel. If you missed them, you can find them directly on the channel. Uh, and I also discussed on the euro dollar on the last weekly forecast, which you can find, uh, in the channel. Uh, and here is what I see on these pairs. So going back to the original expectation from this pair, we are still with the bounce of a key level right here from the weekly chart, uh, which Also important observation here is that after these massive waves, look where the main volume builds up. We have more volume here and surrounded around this area. So 110 further, which makes me think that despite the super negative environment in the market, most chances to see some sort of a pullback to the upside. Also take a look on the psychological side of the business. Majority of retail traders would simply go and do what? Try to sell the rally, sell the rally, sell the rally, which would not be wrong for the longer run, very likely. However, this behavior is very much expected. And the way I see that, the experienced traders know that. And they could take advantage out of it. This is why for me this is the opportunity to look for buys. Also, a quick observation on the daily chart: after this false breakout and fake low, we got the moving average divergence and histogram divergence and RSI divergence, and then higher highs on the chart, higher highs on the indicator, indicating a possible corrective movement to the upside building up. And the way I see that to time on the 4-hour chart, so we have this range which is very likely will be broken eventually. We can see that it came very close and tried to go through this level, but it was like 2-3 pip spike and never close and hold above this area and never yet break above the previous swing high within this range. So once the euro dollar managed to do that, right, something like that, and hold above this area. Look what happens here with this volume. You can see on this indicator based on the volume profile, which by the way you can now download this indicator and my virtual trading pen that helps me analyze on a multi-time frame, save my images, and many more amazing features. You can download both indicators below this video in the description. Find the direct links to them, Virtual Trading Pen and KTL indicator. Download, install, enjoy. So once we break above this range, as I mentioned before, this becomes a very strong volume of the buyers. And then with the pullback, I expect to see further continuation. If that does not happen, then I would expect just to see some deeper ABCD correction. Until the next divergence takes place. So three waves up, deeper ABCD correction, very possibly to the next important volume zone, and then from there, boom! The next rally to takes place. Let me know what do you think about the euro dollar, and if you find this video useful and helpful, feel free to share it with anyone who you believe would benefit watching that, and. I would like to ask your support back in my work. Hit this little like button, a few words in the comment section would be a great help. Of course, if you have any question you would like to ask, I'm there for you, um, in the comment section. Feel free to share and ask, uh, and I'll be more than happy to try and answer my best. Um, so thanks for your time watching this video. Once again, welcome to our trading family, Traders Academy Club. Join with the link below this video in the description and enjoy the best value we have in our offer right here in front of your eyes. VIP Price Action Course, real-time trading ideas, real-time trading education, and the best trading club out there. I hope to see you with us. Thanks for your time. Best to you and yours. I'll see you soon with more.
