Vladimir Ribakov analyzes USD/JPY on July 29, 2020, showing lower highs and lower lows on daily and 4-hour charts with MACD in negative territory. He expects a corrective retracement to signal a bearish continuation, and points to recent ETH/USD and BTC/USD trades that used divergence patterns to catch significant moves.
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Hey guys, how are you? Vladimir here from Traders Academy Club. This video is a day trading idea and today we are on 29th of July 2020. I hope you are well and safe and today on the list I have the dollar yen. But before I go deeper to the analysis, if you are watching, uh, this channel for the first time, first of all, welcome to our amazing community. I would like to invite you to subscribe to the channel. Just follow the subscribe button below this video and please remember to enable the notification. Uh, I would also love to invite you to join our trading club and to enjoy from all the trading ideas we share on daily basis. Coming up with trading report, and also you can join us in a free Telegram channel and enjoy free posts and ideas we share in the community. Both links could be found below this video in the description and pinned comment inside the comment section. So what do we have on dollar yen? Multi time frame analysis show a negative ride on the MACD. Lower highs, lower lows still in play without any change of trend. Same applies to the daily. In this inner wave inside the big swings, we are in the negative zone without any signs of change. And the 4-hour chart seems yet ongoing. So we can see a little slowdown right now, which could cause some corrections, and afterwards I believe dollar yen has more to offer. So my personal view on dollar yen is at the moment bearish, and retraces, if happen, should provide some good evidences for a bearish continuation to the downside. What do you think about the dollar yen? Are you bullish or bearish, and where do you think this pair is heading? Let me know what do you think about the dollar yen in the comment section. And also, if you find this video interesting and useful, please hit the like button. YouTube likes that, and that helps to our channel. And also, don't Drop some feedback in the comment section. Your help is very much appreciated and important to the channel keep growing. And in a quick note for all those of you who follow our work on TradingView, we posted several days ago two ideas. One of them was Ethereum versus the dollar. Another one was Bitcoin versus the dollar. These two ideas delivered amazing runs. If you are involved, pay attention to the developing divergence here on a daily time frame on the Bitcoin and also on Ethereum coming to the extreme divergence and levels. So that will be all for today. Thank you very much for your time watching this video. I wish you a wonderful trading and a great continuation of your day, and I'll see you around. Once again, would like to invite you to join our trading club, the Traders Academy Club, and to join from all our ideas we share on daily basis with our members. The link that is below this video in the description. Stay safe, be well. I'm Vladimir from Trader's Academy Club, and I'll see you soon.
