Vladimir Ribakov analyzes USD/JPY and recommends selling rallies. The pair rejected 115 multiple times, shows bearish divergences across weekly, daily, and 4-hour charts, and a hidden divergence suggests the downtrend will continue or resume after a corrective phase.
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Hello traders, how are you? Vladimir here from Traders Academy Club, and in this video, my dollar-yen follow-up market analysis and my trading idea on this interesting pair, which I see bearish, and I'll explain why. So Right before we go to the charts, if you are new to this channel, welcome to our amazing community. Please subscribe to the channel, follow the subscribe button below the video, and remember to enable the notification. And also, I invite you to join us in our trading family, Traders Academy Club, where you will enjoy all our real-time trading ideas and the real-time trading education. To join Our family, please follow the link below the video in the description or in the pinned comment inside the comment section. So as I said at the beginning, this video is a follow-up video to our dollar yen, an idea that I shared with you in the weekly forecast, which means if you miss this video, the weekly forecast, please make sure to watch that. In the YouTube channel, or right now on the right top corner of this video, you can find a direct link to watch it. I was covering the dollar yen, and my idea there is sell the rallies. So why? Quickly to remind you where it all comes from: a very strong rejection zone from the weekly chart, and three weekly waves coming to the end with a bearish divergence moving average histogram. And RSI. Besides that, we can see the market flirts around the 115, which is a strong psychological number. Also, we can see that right here we ended up with a strong bearish engulfing on the weekly chart. So we take it to the next step, and on the 4-hour chart, we started to gain, uh, strong bearish momentum. 3 growing waves gaining momentum to the downside. Very strong bearish sign usually, and the idea here is sell the rallies. We got the rallies, we got a bearish hidden divergence for trend continuation, 2 lower highs on the chart in trending structure versus higher highs on the histogram. It indicates a bearish hidden divergence for trend continuation supported by the weekly and the daily bearish divergences. This is a great sign that the sellers are showing their interest. And here is a follow-up. 2 scenarios the price tends to follow the patterns, the structures from here. One of the scenarios is We develop here some sort of ABCD ending with a bearish divergence here and making a strong continuation. We can then follow up break of the range or break of rising supportive area. The other scenario is that this hidden divergence already completed and we gain momentum on the lower time frame. For that to happen, we would want to see the third low. Been created. If it does make it, then we can look for the corrective phases on the 1-hour chart and then look to trade it and to join the ongoing 4-hour chart bearish trending structure. If you are new to this concept of analysis and trading with multi-timeframe divergences supported by the waves, I invite you to scroll on my YouTube channel, you would find the price action videos and divergences videos talking exactly about, uh, that. And also, of course, I invite you to join us in our trading family, Traders Academy Club, where you will learn how all these trading methods, how all these trading strategies come together in real time, delivered to you with real-time trading ideas and real-time education. So I hope you find these videos useful and helpful. If you do, please hit this little like button below the video. Your help is very much needed and important, and thank you very much in advance for taking the time and to help. Also, feel free to share this video and spread the word with anyone who you believe can benefit by watching this video. If you have any questions or Any feedback, I'll be more than happy, uh, to hear and to help you in the comment section below, uh, this video. And once again, I invite you to join our trading family, Traders Academy Club. Please follow the link below the video in the description or in the pinned comment in the comment section, and I'll see you soon with more videos, more ideas, more educational material. Thank you for your time once again. Stay safe, be well. And I wish you a very successful trading. Ciao for now.
