Vladimir Ribakov analyzes EUR/USD across multiple timeframes and identifies a downtrend with lower highs and lows. He spots a hidden divergence on the daily chart signaling further bearish moves and outlines a plan to sell pullbacks targeting prior support levels.
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Hello traders, how are you? Vladimir here from Traders Academy Club, and today my daily market analysis and interesting pair on the list. I'm gonna cover the euro dollar. So what do we have on the chart? Why is it so interesting? Right before that, if you are new to this channel, welcome to our fantastic community. Please subscribe to the channel with the subscribe button below the video, and also I invite you to our trading family Traders Academy Club where you will get your access to our VIP price action course, our real-time trading ideas delivered to you with a detailed trading education. Every single trading opportunity Comes with detailed video fully explaining the techniques behind the trade, and you have everything in our trading journal. Join our family with the link below the video in the description or in the pinned comment, and see you inside. So now let's go to the euro dollar. The reason I choose euro dollar is because when I was uploading my weekly forecast video, there was a request To cover also some of the majors. So it said okay, once I find the opportunity, let's talk about the euro dollar. By the way, if you missed the weekly forecast, then make sure to watch it. I covered two great opportunities there. It was the Aussie Kiwi and the Pound CAD, both very interesting. If you missed the video, find it directly in the channel or right now in the right top corner of this video. You will find a direct. Link to that. Make sure you watch it. And now let's begin. What do we have on the euro dollar? So starting with the weekly time frame, we are currently in pretty clear downtrend. Lower highs, lower lows, beautiful momentum. If we take a look on even on the slowdown indication, we do not have any ending divergence yet. Long story short, that's usually signs of further continuation down. And if we take a look on the bigger waves, there is a very good chance that the market at least will try to go and retest this area. Taking that into consideration, going to the daily chart. So okay, maybe the daily has some signs against, and even the daily with these last lows did not have any, uh, signs For ending divergence. So that was a good say, good thing to say. Okay, in that case, sell the rallies should be a good plan. The question is where from? And here is what we got with the three bearish waves on the daily chart or the four-hour chart. Let me go to the four-hour so we'll see it clearly. Here we are. Okay, lower highs, one wave, second wave. Third wave, you see that clears 3 lower highs, lower lows without ending signs. Look at that, lower lows on the chart, lower lows on the indicator, not indicating the end of a trend. And then we got a correction, okay? And the reason I draw it this way is because this is where we got the divergence completed. So take this divergence, go back to the daily chart where you will find here a hidden divergence. which indicates trend continuation, and you get yourself a very interesting opportunity. When we connect the most recent lows of this corrective phase, uh, the— we can clearly see the market is breaking below that. Break below that hints that the trend is ready to continue, and this is exactly my plan here. Any pullback to take place, I expect the euro dollar to continue further down. all the way to retest the previous supportive area, the previous lows here, and also on the swing low before. So let me know what do you think about the euro dollar. How do you see this one? Buy, sell, where, and why? And let me know in the comment section below this video. And I would like to thank you for your time watching this video. I hope you find it useful. Uh, as always, and, um, once again, I would like to invite you join our family, Traders Academy Club. Enjoy from all the best value we have to offer to our members, and you can follow us with the link below in the description or in the pinned comment in the comment section. And the last thing, it's a quick reminder, you can download these key trading levels based on volume profile indicator, this one you can see on my screen with the key levels, completely free. Below the video in the pinned message in the comment section, you will find the KTL indicator. Follow this link, download it, and enjoy it. Thanks for your time. All the best.
