Vladimir Ribakov analyzes EUR/CHF on June 23, 2020. He identifies a strong support zone with a bullish engulfing candle and hidden divergence across multiple timeframes, suggesting the pair will move higher if support holds.
Hey guys, how are you? Vladimir here from Traders Academy Club, and this video is a day trading idea. Today we are on 23rd of June 2020. I hope you are well and safe and everything is fine. And today in our list is the euro versus the franc. But before we dig deeper, if you are new to this channel, first of all, I would like to Welcome you to our community, and I would like to invite you to subscribe to the channel. Just follow the subscribe button below this video and remember to enable the notifications. And as well, I would like to invite you to join us in our trading club, Traders Academy Club, and to join our free Telegram channel. Both links could be found below this video in the description or in the comment section inside the pinned comment. So euro franc it is. What do we have on this pair? A very strong supportive area right here. Just draw it right in this zone. Very strong area. Pretty nice engulfing that was formed yesterday. A bullish hidden divergence that comes after the bullish convergence. The 4-hour chart making it into the corrective mode in 2 waves, trying to break through the falling trend line to gain momentum by making higher highs, higher lows. We are at the bullish divergence here again on a supportive zone from the 4-hour chart as well. And the 1-hour chart mainly showing here some attempt to create the higher highs, higher lows. Lack of divergence here is a positive sign that if the bulls are in real control from this moment, we should see them pushing the price further. As long as this supportive zone would hold, I would expect to see the EUR/CHF trying and push further to the upside. So multi-timeframe analysis in that case, starting from the daily, going through the 4-hour, verified by the 1-hour chart, hence we With with the usage of the higher highs, higher lows followed by divergences give us a good hint. If the analysis is correct, we can expect a very interesting bullish idea here. Let me know what do you think about the euro franc? Bullish, bearish, and what levels would you expect to see from this pair? This video is. Completely free for you and the community. Feel free to share it with anyone who you like and who can benefit from that. Also, please show your support back. Hit the like button below this video and drop some feedback in the comment section. Your help is very much appreciated and important to this channel. Also, if you missed the weekly forecast video for more swing trading ideas, then right now on the right top corner. Corner of this video, you would be able to find a direct link to the weekly video and to, uh, watch the analysis of swing, um, trading and some, some very interesting instruments. So that will be all for, uh, today. Uh, thank you very much for watching, and I wish you a fantastic continuation of the day and the week. And for more trading ideas, uh, and, uh, live market analysis on daily basis, I invite you to join us in Traders Academy Club. Until then, I wish you a very, very good time. Thank you for your time watching this video, and I'll see you tomorrow with more ideas. Yours, Vladimir, Traders Academy Club.
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