Vladimir Ribakov analyzes EUR/AUD and GBP/JPY for the week of November 14-19, 2021. He sees EUR/AUD heading lower based on weekly downtrend and hidden divergence on the daily chart. For GBP/JPY, he expects a corrective pullback after the recent rally, targeting a volume zone for a sell setup.
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Hello traders, how are you? Vladimir here from Traders Academy Club. In this video, I would like to share with you my weekly market analysis and the forecast for the coming week, 14th to 19th November 2021. I hope you had a nice week and you enjoyed our previous week analysis where we've had our pound focus, pound-dollar, pound-yen. If you missed the video, right now on the right top corner you can find the direct link to the last week video. And, uh, of course you can just find it in my YouTube channel. It was published on the last weekend. And for today I have also 2 great opportunities that I would like to share with you. Okay, um, so, uh, let's begin. But right before we jump on the chart, if you are new to this channel, first of all, welcome, uh, welcome to our great community. And I would like to invite you to subscribe to the channel. Just follow the subscribe button below the video and remember to enable this notification, uh, ring notification button so you know when I upload my new content for you. And also I would like to invite you to join us, to our trading family, the Traders Academy Club, and you can find the link below this video in the description and in the pinned comment. In Traders Academy Club you would enjoy all our real-time trading ideas and trading education we do again in real time. So what's for today? I have prepared 2 instruments, 2 very interesting instruments, but one little request before. If you enjoy this video, please hit this like button, drop some feedback in the comment section. Your help and your support and my work is very much appreciated and also very much needed for these YouTube algorithms, how everything works. So thank you very much in advance to all those of you who support. And who helped. So what do we have here? Sorry, 2 instruments that I want to share with you that I find very interesting, my 2 best picks for now before the week started, and that's the EUR/AUD and the GBP/JPY. So the EUR/AUD, I expect a very interesting bearish continuation And let me just draw my lines here. I'm using this, uh, repeating question. This is my virtual, um, trading pen, and you can get your copy in our in-house indicator in the blog. Or again, you can find the direct link below the video in the description and the pinned comment. So I expect here a bearish continuation, and the reason for that is the following. Watching on the weekly chart with a massive move down started back then, uh, with, with the pandemic. We got it in a few waves, and currently we are in the what seems to be the last wave, but I am not quite sure it's over. This low still holding, and there is a good chance, good chance The market will try to clean this low before it retraces big time, and this is pretty much where I would like to find my opportunities. Now watching on a daily chart, as I expect the weekly leg to complete, we have two waves on the current weekly leg, right? The weekly leg is going here. We have two waves: one, two. The second one gains momentum and is bigger, and I anticipate we will get that last. Leg down. We're very likely to assume the weekly and the daily divergences would line up together, and we should from there be able to find opportunities for long. But this is likely to take time. And on the lower time frame, here is what I see. We are in a place where we have a bearish hidden divergence on this. Ongoing leg without ending signs that completed, not the weekly, not the daily. I'm looking on the 4-hour chart, and the 4-hour chart gives us sort of a mini contradiction. What do I mean by that? We don't have any ending divergence between the highs, and this is where it comes in play, one of the 2 possible scenarios, because from one end the bearish hidden divergence already is coming in play on the Daily without any signs that this trend is really over. But on the other hand, the 4-hour chart does not verify yet this divergence. And this is where we have 2 scenarios which I want to explain how I plan to follow them and trade them. The first one is that this current correction of the first rally Will be over somewhere around this zone. Just mark it somewhere on this area. Okay, from there we should be able to see one more high, which would be probably final high, and the 4-hour chart would be able to complete a divergence. So we will get here lower highs on the MACD, higher highs on the price. And together with the daily hidden divergence that already building up, this could become an amazing opportunity. And from there, we are basically with the sell to join the weekly trend. The other option is what happens if the hidden divergence on the daily chart already taking place. And for that, I want the bears to take the control. How do the bears take the control? By making lower highs, lower lows. So I want series of 3 lower highs, lower lows, so they develop the new momentum, the new trend to the downside, break the most recent low that we have here on the way, go down again this volume zone, as you can see here, a volume area from the daily chart, right? Successfully hold below this area, and from there back in pullbacks, and we can start looking for the sell direction as well. That's the 2 scenarios I have. Yep, sorry, just— yeah, video's on. That's the 2 scenarios I have here, uh, on the EUR/AUD. And the way I plan to trade it, one of these scenarios, and I'm looking for my sell opportunities. Now the other opportunity, by the way, let me know what do you think about the euro Aussie in the comment section. Now for the pound yen, this is where it's interesting. Our previous week plan was sell the rallies towards this magnet zone here with volume zone here. Uh, and we got it. We got a beautiful continuation to the downside. And the question is, what's coming next? Now, on the longer view, my idea here is that we are now in a corrective phase, which means looking to sell the rallies. I believe we are going back to this massive volume area. And yes, this is a weekly time frame, so probably it will take more time. However, if we take a look on the daily chart, bouncing from an extreme situation where we got this high, we got MACD histogram making completely new high, RSI flirting with the 80 level, we got the first reaction down coming to this massive volume area. I expect that this first leg is coming to the end and we should be able to see some pullback here. Which after I believe would develop the next move down. Watching on the 4-hour chart, and this is where I see this is coming to the end. And yes, from this zone I believe we should be able, with this bullish divergence we're currently building up on the MACD and on RSI, both moving average and the histogram, right? I believe this should find a comfort low here and create the reversal signs. Now, as you can see, I'm using here the multi-timeframe analysis technique while coming with the divergence and the convergence. In the combination of the trading strategies, there are several steps for each strategy that you can apply. I invite you to join our trading family, the Traders Academy Club, and to learn all these techniques How they happen in real time, and of course, if you have any questions, don't hesitate to contact me, and I'll be more than happy to answer. And hopefully it helps you in your trading. But this is for the pound yen. I expect this zone to create a bottom divergence complete and flip make the flip on the lower time frame to provide us the entry, and we can take. This rally. Okay, and again, afterwards I believe that rally is to be sold to join the weekly corrective cycle. So these are my, uh, top 2 picks for the week as the week starts. There are many more on my list that I want to follow for the week. And to enjoy all our real-time trading opportunities and real-time education, once again I would like to invite you to join us in our trading family. Traders Academy Club. The link for that could be found below the video in the description and in the pinned comment. I hope you find this video and the trading ideas helpful, useful, and my explanation educational. And, uh, that's pretty much it for this video. Um, stay tuned in the channel because during the week I upload more videos, uh, if it's educational or More trading ideas, so just make sure to stay tuned and get notified. Just follow this ring notification button on YouTube in a subscription, and that's it. I hope you find it useful. Thanks for your time watching this video. Stay safe, be well, and I'll see you around. Bye for now.
