In this weekly market outlook video, Vladimir Ribakov reviews the previous week’s analysis of GBP/JPY and the Kiwi dollar (NZD/USD), then presents his forecast and trade plan for the upcoming week (starting 22 May 2022) focusing on GBP/JPY and EUR/USD. He explains his multi‑timeframe technical approach, highlighting key swing highs/lows, volume zones, bearish and bullish divergences, and pattern expectations such as ABCD corrections, ranges, and potential breakouts. Ribakov promotes his free trading tools – the Volume Profile/Key Trading Levels indicator and the Virtual Trading Pen – and invites viewers to join his Traders Academy Club for premium education and real‑time trade ideas. Throughout, he emphasizes disciplined trading: waiting for verification on lower timeframes, avoiding chasing the market, and following a structured plan before entering trades. The video concludes with a call to action for community engagement and a wish for a successful trading week.
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Hello traders, how are you? Happy weekend. Uh, welcome to my weekly forex forecast and market outlook and review. And today we are in the video for the trading week starting on 22nd of May, uh, 2022. And in today's video I have 2 very interesting pairs I would like to share with you. It will be the euro dollar and the pound yen. Some of them I already discussed during the last week, but we'll do the follow-up and to see where and how I expect that to, uh, to move and how I plan to get involved in this trade. But before we do that and before we go to the charts, if you are new to this channel, welcome to our fantastic community. Please subscribe to the channel with the subscribe button below the video. Also, I invite you to our trading family, Traders Academy Club. Enjoy your full access to our VIP price action course. Enjoy all our trading ideas and our real-time trading education, uh, and every single trading opportunity delivered with a dedicated detailed video explaining all the trading techniques behind it. Join us with the link below the video, there in the description right below the video you will find the links. I hope to see you with us. So what do we have for this week? As I said, the pound yen and the euro dollar would be the 2 instruments I would like to share. So the pound yen is the first one and As I mentioned before, um, these instruments I also covered during the trading week. Uh, the pound yen was also presented on the last weekly forecast. If you missed it, you can find the direct video in the channel and see the exact analysis. So let's quickly review the previous week and move on to the current week. So previous week we were looking on the pound yen To buy from this zone. We got the first movement, and afterwards I expect to see this ABCD complete towards this massive volume zone and the important swing highs we have right here. This is the first one, and this is the second one right here. All that is surrounded by massive volumes— first volume, second volume. So this is where I expect the ABCD correction to complete. And if it manages to complete this bearish divergence, I would be looking for sell opportunities from there, uh, which also brings me to remind you, these 2 indicators that you see on the chart— the Volume Profile, Key Trading Levels indicator with full control directly from your chart on a multi-timeframe scan and analysis in many different ways to combine the trends is available for you for free together with my virtual trading pen, right? The pen that allows me to make my multi-timeframe analysis, move between the charts and see all the lines there and follow up easily. Prepare my images automatically, and many more features. You can go and download it. The link is right below this video in the description. You would find there the KTL indicator and the Virtual Trading Pen indicators. Of course, you can go directly to my blog here in this link, and you can find there, um, all these indicators and many more Available for you. These two are currently available also for free. So go download, enjoy them. The next one we were following the previous week was the Kiwi dollar, where we also wanted to see the buys by the dips. This was our plan. And again, if you missed the previous weekly video and you want to understand why did I think anticipate sorry. The bullish move here. You can find the video in the, in the channel. Watch that and understand the techniques I use in my analysis. And right now I expect this pair to start and show some blockage signs. The first one might occur right here, right in this area. We have a volume zone, we have swing highs, and, uh, pretty much strong rejection area. If it managed to break Through that, I would expect the next level to be here. Again, previous lows and highs of the counterattacks create a beautiful rejection zone, a beautiful supply zone, where if we manage to create this bearish divergence completed, I believe we should see some bearish opportunities building up. So these were the 2 pairs I shared with you the last week, and I hope you managed to enjoy, uh, with them and you find it useful and helpful. Helpful. And if you do, please show your support back. Hit this like button below the video. A few words in the comment section make a big help to me, my work, my channel to stay relevant. Also feel free to share these videos with anyone in your community. They are open to the whole trading community and to anyone who is interested, and hopefully it helps. So what do we have for this week? Pound yen, quick follow-up, and then the euro dollar. So why do I expect the pound yen to behave as ABCD or a range before we go down again? The reason starts with the weekly time frame. So the way I see the weekly time frame, take a look what we deal with. Let's actually even start with the monthly. Of the previous downtrend. Okay, and right now this is our key zone. So what happens on the monthly chart? We are right next to the strong respected swing highs. They've been retested. We are seeing the level of 165, psychological round number, being blocked with— is with this beautiful Evening star candle patterns. What happened since is several weeks in a row of a bearish momentum. All that comes at the end of three waves push upside blocked with the bearish divergence. While the market was making the higher highs, the chart was make the indicator indicates lower highs. which means that buyers are losing momentum. When we take it to the lower time frame, what we got here is also a bearish divergence on the histogram, a ride of more than 20 candles on the upper Bollinger Band. And here we finally got the flip, the flip of a trend. Since the first move down from the very weekly top to the very current bottom that was created, is made in 2 waves, usually the follow-up is also 2 waves or a range. And this is exactly why I expect to see this ABCD complete itself, or any sort of a range here before we break down to continue the momentum. Again, very likely because, uh, we are building an analysis and then the market of course has to prove if it the price has to react to the scenarios we draw. The market doesn't care about how I draw or how you draw or anyone else. So we build a plan, then we want to trade this plan. And my plan is the ABCD or this range to complete. And these are the 2 zones. So the first high and the current highest high we managed to achieve in the pullbacks create a very beautiful Uh, first rejection zone together with this volume and all the way up to the previous highs of the previous trend. So this is the other area also surrounded by this volume. And once again, I would like to remind you, these very indicators, both of them, the Key Trading Level and my Virtual Trading Pen, you can go below this video in the description and download them for free. Okay, currently they are available for MT4. In the future, very likely we would also have MT5 version. So this is how I expect the pound yen, and mainly why. I don't want to just show you what do I expect, I also want to explain why. So I hope I managed to, um, explain why specifically I am looking on this scenario and what do I plan to do after this scenario is done and where from, uh, and, uh, If you have any questions, don't hesitate to ask in the comment section below. I'll be more than happy to answer and to help. And the next one would be the euro dollar, which also I published my video. I think it was Thursday. Pretty sure it was Thursday. If you missed the video, you can find it on the channel. And the idea of the euro dollar here is the following. And I want to make a follow-up to this video and explain the techniques behind. So we have a monthly and weekly low, significant low. We have a bounce below and straight backwards above 105, round psychological level. Besides that, we are above the, again, 105 and create this beautiful engulfing. Now taking it to the lower time frame, what Can we see here that the daily chart at the end of these beautiful waves slows down with the moving average divergence, histogram divergence, and RSI divergence? While the chart is making lower lows, the indicator indicates of higher lows and weakness of the sellers. So to beat potentially the current selling power We want the price to climb above this swing high. If it managed to do so, then we can start talking about buy the dips. And if we mark this high— here we go, right? Once again, let's go to the daily chart. This is the high from the daily, right? Going back to the 4-hour. So if we manage to complete these 2 waves or 3 waves, depends how the market would, uh, continue from here. What we will see from there is after the flip and making higher highs, right? It was a sequence of lower highs, lower lows, and if it breaks this high, it would be higher highs. After that, buy the dips could become a very reasonable scenario. What sort of dips usually we manage to have in that case is, or ABCD, or a range, right? Some sort of a flag, triangle, different patterns that could build up. Or one push, one straight push and blockage. Blockage where? On the powerful swing lows. Okay, so these scenarios are the one— the scenarios I plan to follow up And then look for bullish signs. I want to see a blockage and the price make a U-turn, starts to create bullish signs, and then to time the possible buy opportunity. What do we do if this low— sorry, if this high does not break? And of course there is no verification for the bullish control at The moment. So it's important to take it step by step, wait for the verification, and, um, attack when you got the signs on the chart. Do not chase the market, let it build the opportunities. Don't fall in these mistakes, a lot of traders do them. Be smarter than that, wait for the market to give you the signs and then wait for the verification of the lower timeframe and join the opportunity. I hope you enjoyed this video and, um, it helps you in your trading. Once again, thanks for your time watching this video, and I want to invite you to our trading family, Traders Academy Club. Enjoy from all the offers you can see in this image, our real-time trading ideas, real-time trading education. This is our focus, to build up proven successful traders. I don't want you just to do trading because someone said. I want you to understand why. This is why every single trade comes with a detailed video explaining all the trading techniques behind and all the trading decisions behind the trading opportunity. So join us with the link below this video in the description. I hope to see you with us. I wish you a fantastic trading week ahead, and, um, if you have any questions, don't hesitate to ask me in the comment section below this video. Best to you and yours. Thanks for your time. See you soon with more.
