Vladimir Ribakov analyzes EUR/AUD and NASDAQ for the week of August 28-September 2, 2022. EUR/AUD shows a bullish divergence on MACD and RSI with a strong engulfing candle on the 4-hour chart, primed for upside after a pullback. NASDAQ displays a bearish hidden divergence and large bearish candles breaking below prior lows, with resistance at the 61.8% Fibonacci level suggesting further downside.
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Hello traders, how are you? Vladimir here from Traders Academy Club, and in this video I would like to share with you my weekly forecast. Uh, so today we are preparing for the trading week starting of 28th of August, and before I start, to all those of you who are parents to kids And your kids about to return to school beginning of September. So I would like to wish your kids and your family all the very best and a very successful year. And I hope they will make you proud with their achievements. So in today's video and for the current trading week preparation, I have two very interesting instruments I would like to talk and. Share. There are so many, but I had to choose to pick a couple that I really find interesting. Uh, and, um, the first one would be the pound— sorry, the euro Aussie. And the second one would be the NASDAQ. 2 very different and yet very powerful technical Conditions happening currently on the charts. I would like to share with you exactly what I see there. But before I go to the charts and explain all the analysis I have and explain my reasons, Euro Aussie will be the first one. So first of all, if you are new to this channel, welcome to our fantastic trading community. Please subscribe with the subscribe button below this video. And also I invite you to download some amazing trading tools and trading solutions we have ready for the community. Um, as you can see, a couple of them, uh, this virtual trading pen, the pen I draw with on my screen, it helps me to do instant multi-time frame, very easy multi-time frame analysis. Uh, and the other one is Key Trading Levels indicator based on volume profile. Okay, that's this indicator that you see here with the multi-timeframe. As you can see here, okay, I can see all the levels, all the timeframes instantly from here. Um, that's based on volume profile, as I said, and it's again 2 absolutely amazing trading solutions and indicators. That can help in any sort of trading. Besides that, we have many more solutions and many more indicators you can enjoy from. Many of them are also free, so you can just go below this video, uh, in the description, follow the links there, or you can go here to my blog, uh, and then go to this section, My Strategies and Courses, In-House Indicators. Okay, and it will lead you to this page where you would be able to go and download these amazing, uh, tools. I'm sure you would love them at least as much as I do. They are absolutely brilliant. At the moment they are for MetaTrader 4. Very soon, hopefully, we will be already publishing the MetaTrader 5 as well. We are working on that and hopefully it will be completed soon. And be ready for you. So just follow the link or go to the blog or links below this video in the description, download and enjoy. And if you find this video and the indicators helpful and useful in your trading, I would really appreciate if you can take, uh, a bit of your time and hit this like button below this video, uh, drop a few words in the comment section, uh, any feedback is very much appreciated of course, and it's a big help to the channel to still stay relevant. Uh, so thank you very much in advance for all your help. Now let's go to the charts. So what do we have here? The first one is the EUR/AUD, and I want to show why do I find it so, so, so, so, so interesting. Here are the technical conditions we have. We have this important low been retested, oh, actually a couple of times already. First one was here in the bounce, and now again here in the bounce. We are all— all that happens around the psychological level 145. Now besides that, as you can see here, it starts to build up a bullish divergence. Did not yet complete. We don't have yet the price turning upside, but it's building up lower lows on the chart, higher lows on the indicator, completing or building up bullish divergence conditions. Same happened on the RSI. Taking it to the lower time frame, and we see here. Already two false breakouts in a row. One, two. Okay, one fake low below this low, and then below this low one more fake low. The interesting part: these fake lows are created with the pressure of bullish divergence. Again, moving average of the MACD and RSI. Now look at this massive engulfing at the end of. Of Friday of this week, of last week. Beautiful strong sign. Generally engulfing with false breakouts and divergences. Very strong technical sign. Of course, it's not 100% guaranteed, but it's a very strong sign. By the way, if you are new to the world of Japanese candles. Back to my blog. One of the indicators you can download is directly this: the Japanese candle indicators. It will help you to find these patterns and many more, of course. So besides that, we have a very interesting condition happening on the four-hour chart. The last daily leg is three lower highs, lower lows, three waves on the four-hour chart, completing a false breakout with a bullish divergence on the histogram. Flipping from negative to positive to negative and making that bullish convergence. The way it looks, uh, with all the mentioned above, this technical condition is ready for a further bullish continuation after a pullback. And that, that would be my trading plan on the EUR/AUD. Uh, let me know, how do you see the EUR/AUD? Uh, what would be your trading plan with this one? And please share your view below this video in the comment section. And then if you enjoy the content, uh, and the ideas, please hit the like button. Few words in the comment section would be great help, and thank you very, very much in advance to all those of you who help. Now I do want to, uh, analyze and share the next one. That would be NASDAQ. Now this will be more like a follow-up Um, 2 or 3 or so weeks ago, I analyzed this instrument in, uh, other of my weekly forecasts. You can find this video, of course, in, uh, in my channel. Our plan was to see the NASDAQ reaching these highs and from there building the bearish hidden divergence. So lower highs on the chart versus higher highs on the indicator In that case, the MACD histogram flipping from positive to negative to positive zone. That's exactly what happens, and all that is blocking here on a key monthly volume area. Very strong sign, uh, and the fact— the interesting fact— look what happens here. Let me, for example, just invalidate it for a second. Okay, look at the last 2 candles, 2 green candles. We have these two bearish candles, massive. Look at the beautiful size of these candles, of the candle bodies. Okay, and they go below the low of the last two candles, the bullish candles. Very strong sign. Usually, sorry, usually the last time it happened on the move down was here. Look at these two candles going below this low, and before was right here. The last two candles, you see two green ones versus two red ones right here. Very strong sign usually. Of course, it does not guarantee anything, but it's a very strong sign. Besides that, we have a bearish trending structure: lower highs, lower lows, a sequence of highs and lows in the same direction. Rally, okay, that is blocked on that beautiful resistance area, key volume zone as well, uh, stronger supply zone. And we have a beautiful bearish hidden divergence— lower highs on the chart versus higher highs on the indicator, okay? So the way it behaves usually in such cases, it's a trend continuation until it will be blocked with a bullish divergence here. Okay, now is it— does it mean it's necessarily going one straight move? In majority of cases, yes, but it does not mean we cannot see anything like that before. Let me just try to present it here. Uh, we cannot see anything like that before. This is a very possible scenario, and usually it's like a trap rally. Okay, if it happens and turns up, okay, usually What hap— what follows next is another bearish divergence, and these to become like a fake high, fake rallies to make traders to believe buyers are stepping in, and then a crash. How exactly the market will decide, uh, to behave, um, it's impossible to predict. However, with this being a trending structure and these high holding. It's also— if we plot Fibonacci, you will see that this high is slightly above the 61.8 Fibonacci. As long as this area holds for us, the bearish movement is what is expected to follow, uh, on the NASDAQ and very likely on the other indices as well. So that's it for these 2 instruments. There are so many more, uh, that I would like to share, but, uh, It's impossible to do in this short video. You are more than welcome to join our trading family, Traders Academy Club. Enjoy all our real-time trading ideas. Just follow the link below this video, um, in the description. Follow the link and you are welcome to our trading family. So, uh, thank you for your time watching this video. I hope you find it useful and interesting. As always, uh, I wish you and yours all the best. Once again, to all those of you who are parents to kids, Best to your kids in their, um, um, I would expect and hope to be a fantastic, um, educational, uh, year, academic year. And, um, that's it. So I'll see you soon with more trading ideas, and I welcome you to join our trading family. The links are below this video in the description, and that's it. Thanks for your time. Best to you and yours. I'll see you soon with more.
