Vladimir Ribakov forecasts EUR/GBP breaking below a five-year support level with further downside expected, while NZD/USD shows bullish structure targeting the 0.70 level. He highlights a hidden divergence in EUR/GBP and a bullish MACD divergence in NZD/USD as key technical signals.
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Hello traders, how are you? Vladimir here from Traders Academy Club, and this is my weekly forecast for the week of 6th of March 2022. Now first of all, once again, my prayers and my hopes that all the crazy completely not needed to anyone war going on in Russia and Ukraine would stop. For me personally, it's sensitive subject. I'm from Belarus, I was born in Belarus, and to see Ukraine and Russia, it's family. And for me, it's like brothers are fighting, and beyond any imagination. So my prayers and my hopes that it all will end up soon. And for all those who watch and somehow involved, I hope you are safe and and well. Also, this week we have an internationally women International Women Day, 8th of March. So to all the women in my community watching this video, a very happy Women Day in advance, and to all the men watching. Don't forget this day, show your appreciation to the women of your life, your spouse, your girlfriend, your mother, your grandmother, all the important women in your life, all the women that helped you to become who you are. Don't forget to show your appreciation, it's a great opportunity to do so. So, um, let's begin. In today's video, I have 2 very interesting opportunities that I found, uh, which I would like to share with you. And of course, if you want to enjoy from all our other real-time trading ideas in real time with real-time trading education where I explain all the techniques that I apply in every single trading decision, to the good and to the bad of course, I invite you to join us in Traders Academy Club. You will enjoy your access to our free VIP price action course, amazing course. You also will enjoy from real-time trading education, real-time trading ideas, and of course our trading community. To join our family, please follow the link below the video in the description or in the pinned comment. Uh, but before I go to the charts, if you are new to this, uh, channel, welcome to our amazing community. Please subscribe to the channel with the subscribe button below, and once again, welcome to our family. You, um, are very welcome to join with the links below in the description or in the pinned comment. So what do we have on the charts that I would like to share with you? First of all, it's the euro pound, which I find very interesting, uh, and, uh, for me it was a very active ride with this one, um, during the week. I was trying the longs during the previous week and it failed for me. Then it flipped to the short, which I believe could be just the beginning, and I will explain in this video why. Uh, and, um, then it provided a good opportunity to ride something, which I'll show in a second, and I want to explain. So first of all, based on the weekly chart It attempts, as we can see here, for the first time to break below a massive supportive area from October 2016. So it's more than 5 years of supportive zone. First candle that managed to actually close below this area. Of course, there is always a chance it will turn to be some fake breakout, especially when we have this divergence as a potential. But at the moment, I always prefer to stick to the facts, not what could happen, but what happens. And it breaks below the supportive area. And on a daily chart, it is under a clear, from my point of view, bearish momentum. We do continue to create lower highs, lower lows. We move in a bearish structure. There is no ending sign between the most recent lows here and here. Nothing, no divergence or anything like that. So I believe that with some pullback, we still have more to see to the downside. And going to the 4-hour chart, I can see that the pair is trying to gain this momentum to the downside. Again, no ending signs. Look at the MACD, all negative. Histogram, moving averages, no moving average divergence to end a cycle like we faced here before where we, uh, at the end got the correction. Uh, so I personally was expecting deeper correction from this zone, but as you can see, I was wrong here. And after it flipped to the downside, uh, this was a great opportunity to start riding. So, uh, the first attempt Uh, I saw here with this hidden divergence, we got a pullback and a hidden divergence, but it was a good short-term ride. Now we are blocked with a moving average divergence, which hints a possible deeper correction. Corrections to where? Usually to the previous, um, important zones of interest, the swings. So we have a swing high here, we have a swing high here. Of course, the resistance zone that was broken, right? All that becomes a massive area in every pullback to this area, uh, and ideally in a structure of 2 waves, but also sometimes it could happen in, uh, 1 wave with a hidden divergence or something like that, okay, or even a range. Every sort of structure is acceptable Because I believe according to the analysis we have on the multi-timeframe and the price structure, the lower highs, lower lows that supports this view, that this could be a great opportunity to look for further bearish move down. At the moment, the most recent high is here. This is an important area as invalidation to the bearish, the whole bearish analysis. Um, but also this trend line is likely to play a significant role in this potentially developing move to the downside. So that's my bearish view on the euro pound. Let me know what do you think about this, uh, this pair. How do you see that moving And where do you believe the bears could take it down to after breaking the supportive area? Share your, your numbers and your idea below in the comment section, please. And I would like to ask your help, your support. If you find this video helpful, useful, educational, and I would like to ask 15 seconds of your time, 20 seconds of your time. hit the like button below the video, leave some feedback in the comment section, feel free to share this video with anyone who you believe can benefit watching that. It's free for the community, and your help is very much appreciated and very much needed for this channel. This is how YouTube works— likes, comments, um, help to the channel. So thank you very much in advance to all those of you who take the time, um, to, to help and to support my work. And this channel. Thank you very much. So the next one on the list is going to be the New Zealand dollar, where I see very interesting, I would say, moves on the chart. After holding this low, we are flipping to the upside at the moment. I see that as a corrective movement currently, which will very likely stop and then try to make to the downside. But at the moment, you know, facts are facts. We have a bullish divergence on the moving averages of the MACD at the end of this bearish movement, and we create 3 higher highs, higher lows here without any ending sign at the moment. And no ending signs on the daily, no ending signs on The four-hour chart, which you can see also gaining momentum by itself. No ending signs here as well. It looks technically correct, and also no signs against on the one-hour chart. So from my point of view, there is a great opportunity for this pair to continue higher, and buy the dips is something I would be looking to do on this one during this week. The zone of interest, as always. the lows and the swing highs and lows on the chart. So classical scenario would be, of course, if we can get some ABCD with bullish divergence. But again, sometimes it happens to be in one leg with hidden divergence, like higher lows on the chart, lower lows on the indicator. And sometimes it happens to be in some range and then breakout. So buy these corrective structures, corrective movements should be a good opportunity. I believe that observing the daily chart, so we have a falling resistance which is higher, that we have volume based on volume profile also higher. We have this swing high yet to be cleaned and tested. So Definitely after pullbacks, I see that going through this level and trying to find a movement closer to 0.70, which is also great psychological number. So New Zealand dollar is also interesting opportunity for me by the dips here. Let me know what do you think about this pair and how do you how do you see this one moving? Again, please share your views in the comment section below. So that's pretty much it for this video this week. I shared with you opportunities. All the other opportunities I have on the list and we will have during the week, I invite you once again to join our family Traders Academy Club. Enjoy our VIP price action course. Enjoy our real-time trading ideas and the real-time trading education. Our trading community, and I hope to see you with us in our family enjoying trading together. Follow the link below the video in the description or in the pinned comment. Stay safe, be healthy, be well. All the best to you and yours. Once again, happy International Women's Day to all those of you who celebrate, and thank you very much for your time watching this video. I hope you got some interesting ideas for trading. And that's it for now. All the best. Bye for now.
