Weekly Forex Outlook and Review - EURGBP, AUDNZD - 8 May 2022 - By Vladimir Ribakov

Hello traders, how are you? Vladimir here from Traders Academy Club. Welcome to the weekly forex outlook and review. In today's video, we will have 2 very interesting opportunities developing, and I would like to explain exactly why. I find them very interesting opportunity as well. We will review the previous week, uh, 2 ideas, the dollar CAD and CAD franc, uh, and, um, a lot of exciting things coming. So before we start, if you are new to this channel, welcome to our amazing community. Please subscribe to the channel with the subscribe button below the video and just remember to enable the notification so you know when there is a new content available for you. And also, I invite you to join us in our trading family, Traders Academy Club. Enjoy our full VIP price action course. Enjoy our real-time trading ideas, real-time trading education. Every single trading idea, every single trading opportunity comes with a fully detailed, dedicated video delivered for you real time. All the trading ideas are track recorded in our trading journal. Besides that, you will be part of our VIP community. So to join us, just follow the link below in the description, uh, and, uh, or you can find the link here on this image on the bottom, tradersacademyclub.com. So, uh, 2 exciting news actually. The first one, it is Mother's Day on this Sunday in Canada. I'm not sure about the rest of the world, but here in Canada we celebrate Mother's Day. So for all those who celebrate as well, and for all the mothers out there watching that, or all the mothers supporting their men, their husband, their Son in the trading journey, I would like to wish you health, happiness, and send you a big hug from from me and to thank you for all you do. Nothing or can can can be compared to mother's love. Nothing can be compared to mother's education and mother's sacrifice to their beloved ones. So thank you for everything. I'm a lucky person, a lucky man to be raised by 2 amazing parents, my mother and my father. And if you watch this video, I love you. Thank you for everything you ever did for me, and thank you for all the support you did give me in my journey to become the man I am today. So this is the first thing. A very happy Mother's Day to everyone. The second thing is 2 amazing gifts available for you as part of our amazing community. 2 indicators. The Key Trading Levels indicator, this very indicator you see here on the chart, is available for you absolutely free. This indicator is based on volume profile and allows you to multi-timeframe control with this table and choose the sensitivity of the trends. Absolutely amazing tool and it's free. You can find the link below in the description. And the second indicator is this amazing toolbox we created, a virtual trading pen. The pen that allows you to draw on your MetaTrader to make multi-timeframe analysis without changing or without redrawing. Everything remains there for you. Take screenshots. Straight away, again, absolutely amazing development. I'm very proud of this tool, and it's also available for you for free. You can download it with the description, with the links below in the— below this video in the description. You would find there KTL indicator, that's the Key Trading Level indicator, and also the Virtual Trading Pair indicator, the VTP. So I can just go and download it, and I hope you find it useful and enjoy it. And now, uh, right before we go to the chart to review the previous week trading ideas, which was the dollar CAD and the CAD franc, I would like to ask your support. And if you find this video useful, helpful, um, and you would like to see more of this, please take 15 seconds of your time, hit this little like button below the video, drop some few words in the comment section. Also let me know what are the instruments you are interested in and if I have anything, uh, in my, uh, in my, uh, vision about these instruments, I'll be more than happy to share it with you. Uh, so just let me know which instruments below in the comment section. Uh, and now let's begin. Uh, thank you very much for your help to all those of you who, um, take the time to support me and my channel. So once again, guys, go download these indicators— the Key Trading Level, the Virtual Trading Pen. They are absolutely free for you. With the links below in the description. And now let's begin. The dollar CAD was one of the instruments we were following the previous week, and as I explained, I believe this pair has much more to offer to the upside due to this analysis. I believe that this was the first wave, and actually it's this wave which was broken into 2 waves up, 2 waves down. Now we are breaking below that. So I assume we would want to see the price going back to this volume area. Where from? Yes, I believe it will start having some hard time here or even slightly higher. I believe the closer we get there, the stronger the bearish pressure would start to be. And from there, very likely to return bearish. But until we reach this area, I am bullish. And as a follow-up for this instrument, uh, we could see here some sort of consolidation and breakout, or we could see, um, simply widened movements, uh, here with a retrace back to the volume zone. And this is why, once again, I would like to remind you, if you still didn't do it, download this volume-based indicator. Multi-timeframe automatic scan with this amazing table and the virtual pen free with the links below in the description. So this is what I expect on dollar CAD. Was bullish, still bullish for me. The other one we were looking to trade the previous week was the CAD franc, where one of the scenarios I wanted to see was a fake high and then a flip to make lower lows and then sell the rallies. We didn't, we didn't ever have yet the flip. So this bearish idea is still valid, still active. It's just building up. The way I look to deal with that is the following. So this is the bearish divergence that is still in play. And as explained in the previous week, I just want to repeat. By the way, if you missed the previous week video, Make sure to watch it. You can find it directly in the channel or right now on the right top corner of this video. I'll put the direct link for you there. Watch the full analysis explanation behind these instruments. So the way I would look to trade it is break below this low. And the reason I treat this low and not here is because this is midnight when the spread is widening. So this is for me the official low. If we manage to get the 3 lower highs, lower lows here, I'll be looking to sell these rallies. So these are the 2 opportunities from the last week and quick follow-up. Let me know what do you think about these ones? Did you manage to enjoy any of them? How do you view them? And if you find it useful and helpful, remember, hit this little like button. And thank you very much in advance, of course, for your help. 2 instruments on my list. One of them is the Aussie Kiwi, a pair that we were trading in Traders Academy Club this week. And we were trading it with here the break of this range, and we got an amazing rally. And now I believe there is more to come. And the reason I believe there is more to come is because I would want to start from the higher time frame. So if we take this, the analysis of this long cycle, we expect correction. Correction could be the ABCD. Correction could be any sort of a range. So the bullish direction is the one I'm looking to actually trade. And after breaking the— this is the first monthly leg zigzag. Okay, so now I believe we are developing the final leg. Right now I expect to see some sort of a slowdown around these key highs, maybe all the way through the previous swing high. Also, if we plot Fibonacci expansion on the 2 waves developing, you can see where the 100 is. So I definitely believe there is more potential to the upside here. Plus, we don't have any ending divergence yet on the weekly time frame. We don't have any ending divergence— let's remove that Fibonacci— on the daily chart. We do have a slowdown With some histogram divergence here, but we never had the divergence on the moving average. We never got lower lows. So for me, it is still buy the dips. And take a look on this very, very interesting thing. I would draw here some lines. Okay, this is the moving average, the bigger moving average. The first one is the 50, the other one is the 200. Now look at this. Okay, this is from the daily chart. And now look on the 4-hour chart. It has the moving average zone for itself. So this is the first key area, right? The next key area becomes right here. So your first volume and then the second volume, and it matches the moving averages. So this is exactly what I expect from this pair. the— after the correction, look for further buy. And it could be either from here or the next low closer to the daily swing low. And the volume and the moving average, they create amazing window of opportunities there. First zone and the second zone, uh, and from there I really think that the instrument should get the final rally towards this zone. And until we will create some sort of clearer reversal signs. Until then, buy the dips is my plan. Let me know what do you think about the Aussie Kiwi. I find it very interesting. The other one which also triggered my eye is the Euro Pound, which I personally missed, to be honest. I was looking to trade this week With the break of this range pullback and continuation, there was some confusion for me the way I saw that during the week, which made me go and go neutral. And yeah, I missed this celebration to the upside, unfortunately. However, I don't think this is over. I think according to the weekly time frame, and it's a beautiful Ending waves with the bullish divergence here. We have lower lows on the chart, massive supportive area, and bullish divergence everywhere—the moving average of the MACD as well as the RSI. And now we finally start to create these higher highs, higher lows. So on the first view, there is a massive volume from the weekly, which likely to assume would create some sort of a pullback. But if we Examine the realistic view, and we have nothing against. This was the first leg as a zigzag, two waves up, two waves down. And now, as long as the trend trend would not change and would break this upgoing rising supportive line, buy the dips becomes the plan here. There is nothing against on the weekly, nothing against on the daily, nothing against on the four hour. It's pretty straightforward. So for me, buy the dips is the plan here. And if we manage to break through this volume zone, there are 2 very interesting levels I will be paying attention to. First of all, this previous swing high. The next one is the massive, massive, massive volume we have here on the weekly time frame. It is closer to 0.90, but the potential there is huge. 0.87, and if we manage to go through, 0.90 could be definitely a possible target for the longer run. So these are the 2 instruments that really triggers my eye here. We're looking to deal with them. Of course, let me know what do you think about these 2 opportunities? How do you find them? And again, if you have any special requests, about any instruments. And of course, if I have anything in my vision and my understanding, in my analysis, I'll be more than happy to share with you. Um, so thank you for your time watching this video. Once again, a very happy Mother's Day to all the mothers out there. And I invite you once again to our trading family, Traders Academy Club. Enjoy the best value we have to offer to you. Be part of our amazing club. Join us with the link below in the description, and I hope to see you with us. I wish you a wonderful trading week ahead. Stay safe. Best to you and yours. And once again, thanks for your time watching this video and for your support in my work. I'll see you soon with more. Bye for now.