GBPUSD Analysis - 7 June 2022 - By Vladimir Ribakov

Hello traders, how are you? Vladimir here from Traders Academy Club, and in this video my analysis and price prediction for the pound dollar. But before I go and explain all the analysis and the techniques behind this trading opportunity, if you are new to this channel, welcome to our amazing community. Please subscribe with the subscribe button below this video, and also I invite you to our trading family, Traders Academy Club. Where you will get your access to our full VIP price action course, our real-time trading ideas delivered to you with a real-time trading education. It means every single trading opportunity comes in real time with a detailed, dedicated video explaining all the trading techniques behind the trading opportunity. Join our family with the link below this video in the description. Now let's quickly go to the pound-dollar and what do we have on this pair. Why do I still expect some bullish run on the short term? Uh, and, um, this would be a quick follow-up to the analysis I did last time on my channel. If you missed this video on the pound-dollar on the channel, you can find it directly in the channel or right now on the right top corner I'll put there a link So with this exclamation mark, you can click that and you will see the direct video seeing all the analysis behind it. So the plan we had back then was to look for the buys right from the weekly zones. As we got there, we wanted to see on the 4-hour chart false breakout. So basically, sorry, this— as we started to see fake lows created and the flip happened, The rally took place. So this is already a sweet history, and I hope you enjoyed this video and this trading opportunity because this one delivered. And if you did, make sure you hit this like button. Let me know how did you enjoy the pound dollar, uh, with the comment section below this video. Also let me know what do you expect on this pair. But here is what I expect. So following the weekly levels Uh, and the volume area which we can see here, I believe that the pair should try to rally closer to this zone, okay, this massive volume area. And the reason I see— I, I think that is because we are still in trending structure, but the main sellers took the control right from here. As you can see, after this consolidation Boom, right? The sellers take it to the control, and very, very likely that the market will find the reasons to go and get closer to that for a retest. And then we will see how that goes, of course. But at the moment, this is what I expect from it to happen. And also, great opportunity to remind you, if you still didn't do that, these 2 amazing indicators that you can see on my chart— my virtual trading pen It allows me to do multi-timeframe analysis with a very, very easy way and to draw on my screen. And also the KTL, Key Trading Levels indicators based on volume profile, available for you absolutely free. You can go below this video in the description, follow the links there— virtual trading pen, KTL indicator— download, install, enjoy. So based on the current waves that we have Where we got the three higher highs, higher lows, and flip above this high. We now complete ABCD correction, and the good part with this correction is the following: we are retesting this low and this low from the rally. Besides that, this is a daily and weekly volume zone, and so far the market managed to hold it. This is also the 125 psychological level. where we come to retest. We are trying to break above this falling resistance line and trying to make the higher highs here. So if we manage to maintain the momentum above the current broken high with the pullbacks, I expect the pound-dollar continue further. The first important zones to pay attention to would be slight area here with the daily volumes. Okay, that's around 128, 128.50. And if we manage to break above that, look where the next important zone based on the weekly, as you remember, right here with this breakout. That's closer to $130. Okay, so this is my technical view. And of course, as long as it manages to hold this important supportive area, that's the main key here, right? The main— the key idea here. Uh, now this is from the technical view. Let me know what do you see on this one technically. Fundamentally speaking, uh, even though the market is anticipating more and more hike, rate hike in the US and everywhere else around the world, this is already in the anticipate. The market is already representing this anticipation. There is an expectation that the other countries would have also follow up, and maybe even with increased pace. And Britain is one of them. So fundamentally, it also could give a good boost expecting further rate hikes and make the pound-dollar rally to the levels we wanted. So that's it for this video. I hope you find it useful and helpful. If you do, feel free to share with anyone who you believe can benefit watching that. And once again, welcome to our trading family, Traders Academy Club, where you will enjoy from the VIP price action course all the real-time trading ideas and real-time trading education. Join our family with the link below this video in the description. I hope to see you with us. I wish you and yours all the best. I'll see you soon with more. Bye for now.