In this video, Vladimir Ribakov of Traders Academy Club provides a detailed multi‑timeframe technical analysis of the USD/JPY pair on 23‑24 March 2022. He starts by promoting his community and VIP price‑action course, then moves to the charts, highlighting a strong resistance zone identified from monthly swing highs and Bollinger Bands. He notes that the pair is on a 161.8% Fibonacci extension of a prior leg and that the weekly Bollinger Band is re‑forming. On the daily chart, he points out an extreme divergence: price makes higher highs while the MACD histogram shows lower highs and the RSI is deep in overbought territory. Similar divergence patterns appear on the 4‑hour and 1‑hour charts, suggesting upcoming false breakouts and fake highs. Ribakov outlines a trading plan that anticipates a flip to lower lows, allowing traders to sell rallies with a small risk and potentially large reward. He emphasizes profit‑management before the flip, advises watching for the fake‑high to lower‑low transition, and invites viewers to subscribe, comment on future instrument requests, and join his trading family for real‑time education.
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Hello traders, how are you? Vladimir here from Traders Academy Club. This is my technical analysis and price prediction on the dollar yen. Today we're on 23, almost 24 of March 2022. Uh, this video is a follow-up to the idea I covered in my weekly forecast. Which I published during the weekend. And before I go to the charts, if you are new to this channel, welcome to our amazing community. Please subscribe to the channel with the subscribe button below the video, and I invite you also to join us in our trading family, Traders Academy Club. Enjoy free VIP price action course, enjoy our real-time trading education and real-time trading ideas explained detailed with all the techniques I use Why, when, and how. And to join our family, just follow the link below the video in the description or in the pinned comment in the comment section. So what do we have on dollar yen which I find so, so, so interesting? Uh, once again, I want to remind this is a follow-up to the video I published in the weekly forecast. If you missed this video, make sure to watch it directly in the channel or right now on the right top corner of this video. I will put the direct link there so you can just find it and see the whole analysis and explanation there. So Long story short, here is what we have here. Starting from a very, very higher time frame, this is a very strong zone we are about to retest. Okay, the swing highs right here from the monthly chart. Besides that, if we start to go on the lower time frame, the weekly Bollinger Band, the recent Bollinger Band after the breakout About to duplicate itself. Actually, it's already duplicating itself. We are, if we plot here, we are on right on 161.8 Fibonacci extension on of this leg and about to enter this 161.8 of the bigger Expanded leg, and when we go to the daily chart, this is where the interesting part starts to build up. We are building here an extreme divergence. Look what happens with the price and MACD complete high histogram, and the RSI being overbought in a in a pretty significant level. The if that's not enough, we are again approaching towards the monthly chart. Which is a very, very significant zone. And here is what I love: 20 candles right on the upper Bollinger Band without retesting the opposite band and just restarting over than more than 20 candles right on the upper band again. Significant— sorry, significant Just erase that significant zone coming here in play as I just showed you. And I believe that right now it's where we should start to create the false breakout, fake highs and returns, fake highs and returns. Okay, and this is exactly how I plan to look and trade it. You can start to see also on the 1-hour, 1-hour chart if we get a high here It's very likely would be with a bearish divergence. Higher highs on the chart, lower highs on the MACD indicator. Some fake high, potentially one more fake high. The closer we get to these levels, the stronger the pressure is expected to be, and the better reaction from the price I expect there. So what I really want to see here, as I explained, It's the false breakout, fake highs, fake highs, and then turnaround to make the lower lows to create the flip, and then sell the rallies becomes my plan. The great— the greatest opportunity here is that with a reasonably, uh, small little, um, risk, we might get a huge possible reward once this turnaround completes. But before we talk about the turnaround, the most important thing is if you enjoy this rally we've been covering, um, then make sure you manage your profits as we approach towards this zone, okay? Because when we start to see here, and we will see that right now building up and creating the divergence, it's going to be multi-timeframe divergence from extreme on a daily through the 4-hour chart slowdown divergence and the 1-hour chart would start to create fake highs one after another, this is a time to consider the management of the ongoing buys. First of all, before we talk about even sells and then to time the sells, make sure you follow this concept and principle I just explained where we flip from fake highs to lower lows. This is the first hint that sellers are trying to step in the game and then sell the rallies could become the great plan here. Make sure to hit this like button if you find this video useful and helpful. And also here is something that I want you to let me know on my next weekly forecast, which instrument you would like me to cover. Drop down your requests in the comment section below the video. And if I find these instruments, if I find something interesting on these instruments, I will make sure to cover them on the weekly forecast or on my next trading ideas. So let me know which instruments are you interested in in the comment section below the video. And once again, I welcome you to our trading family, Traders Academy Club, to enjoy from the VIP price action course, to enjoy from real-time trading ideas and real-time trading education delivered to you with detailed explanation behind every single technique and every single step we do in every trading idea. To join us, follow the link below the video and the pinned comment in the comment section. Thanks for your time watching this video. I wish you a wonderful trading, a great day, and all the best. See you soon with more. Bye for now. Bye.
