Vladimir Ribakov analyzes EUR/AUD, AUD/NZD, and EUR/GBP. EUR/AUD shows strong bearish momentum heading toward weekly lows. AUD/NZD is forming a peak with upside potential. EUR/GBP is in a dominant downtrend on the 4-hour and daily charts.
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Hey guys, Vladimir here from Home Trader Club. Here are three very interesting pairs instruments I would look to trade. Let's start with the Euro Aussie. This one is under a heavy bearish momentum, and the way it looks right now, the pair is heading to retest these key lows on the weekly chart. I do believe that from there we should see some bounces to the upside, but meanwhile the bearish pressure is on. And as the bottom is forming, I would expect to see retraces, a further down move until we will get some reversal signs building up. So here are the key levels you would want to pay attention to. By the way, all the tools you see on my charts are available for you as part of our all-inclusive membership in Hope Trader Club. Check out the description or the bio. So we have this range and this range which act as key supply levels, and we have the weekly pivot levels here which act as a resistance now. So any retraces to these levels from my point of view should provide further opportunities for the sell. Next one is Aussie Kiwi. I believe this pair is creating a peak but not fully created yet. What you see here on the screen is actually yesterday's trade from our all-inclusive package, and we were after the buys here. And the biggest question, is it over now? I don't think so. I believe that after pullbacks, this pair has more to offer until it will start to finalize its peak with some fake highs. So what levels to pay attention to? Look at these pivot meeting zone, weekly pivot, and daily pivot. Look at the previous week and day zone here. These are the key levels that from my point of view, if hold, the Aussie Kiwi should provide further run to the upside. Final one is the euro pound, which is still under a major bearish momentum on the 4-hour chart and daily chart. And I believe this low is going to be retested. Very likely from there we will see some rejections. Meanwhile, look at this major zone we have here. Volume profile balance zone here and here. As you can see, strong levels. Pivot zone here and here. And that to me means any pullbacks should offer further move to the downside until the daily low is cleaned. Join us in Home Trader Club. Get all of our trading opportunities in real time with detailed explanation, our full courses, and so much more, follow the link below in the description or in the bio.
