Vladimir Ribakov analyzes EUR/CHF for a short trade on December 3, 2019. He spots bearish hidden divergence on the weekly chart and exhausted rallies on the 4-hour chart, recommending to sell the rallies on pullbacks until a divergence forms, then exit.
Hey guys, how are you? Vladimir Ribakov here from Traders Academy Club, and this video is the Forex day trading opportunity. Today we are in the 3rd of December 2019. So first of all, I would like to wish you a fantastic month. This is the happy month, holiday season, so I wish you all the best, you and yours of course. Today we have a very interesting pair, not a normal pair on the list or a default pair on the list. This is the euro versus the franc. But first of all, if you are watching this video in this channel for the first time, for first of all, welcome to our trading community and to the channel. I would like to invite you to subscribe. Just follow the subscribe button below this video. And remember to enable the notifications button as well. I would like to invite you to join my live trading rooms where you would be exposed to all the trading opportunities we discussed day after day live, backed up with a full trading report. And as well, you can join our free Telegram channel where we share wonderful articles, videos, and a lot of educational materials for free on daily basis as well. You can find these links below the video in the description or in the pinned comment. So what do we have on the euro versus the franc? Watching— this is an analysis based on divergences and multi-timeframe divergence. Bearish hidden divergence on the weekly timeframe supported by a bearish trend pattern, 2-3 waves down 2 waves up with the breakout, then pull back inside. Yes, but we are holding the trend by creating— by holding the lower highs. Uh, on the way up, on the correction, we just formed 2 higher highs, 2 higher lows. That's what brings back the bearish pressure. MACD is crossing down in the negative zone right now, as you can see here. The RSI, which broke this dynamic supportive line, now it holds as a resistance line and it bounces to the downside, crossing the 50 level and again in the negative zone, dropping lower. On the 4-hour chart, we had a massive rally here which got exhausted. As you can see, fast move, then slow and slower. Each movement, very strong divergence on the moving averages and of course the histogram. Here as well, RSI was holding a fantastic support and direct cross to the downside. MACD crosses again to the negative zone, and basically nothing currently to prevent the pair to continue lower. Dropping to the one-hour chart. We got the first movement here, and now looks like the second. We have no divergence developing. So from my point of view is we are good to look to sell the rallies until this will form as a divergence. Then it will be a good place to cash out. So basically, this is a short-term trend trading opportunity as we are. Under multi-timeframe bearish pressure based on divergences and the trend turns bearish. One of the best ways for those of you who trade with systems or, uh, strategical, um, tools, uh, that one of the best ways to enjoy such a ride is basically the one that we love to use the most, SRS Pro. And, uh, we can see a clear bearish momentum based on the SRS Pro candles. We can see the control we have here by the bearish candles, the red SRS candles. Pay attention, that's not typical candles. And you can see that little bounces, uh, with, uh, within ABCD patterns like this, like this mini range here, and potentially This right could provide a great opportunity to join an ongoing trend and to enjoy your portion of profits. So my view is on the euro franc is sell the rallies looking for the short-term sell opportunity. Let me know how do you find this pair and. If you enjoyed this video, please show your support back. Hit the like button, drop some feedback below in the comment section. Your help would be very much appreciated. And this video is free for the community, so feel free to share with whoever you would like. It's completely open to public and to the community. So that's all for today. And once again, I would like to wish you a fantastic month, and thank you very much for your time watching this video. And I hope you find it useful, educational, and interesting. I'll see you in other days with another videos and other opportunities when the market provides us some. Thank you for your time. I'm Vladimir Ribakov from Traders Academy Club. Bye for now.
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