Vladimir Ribakov explains his NZD/CHF short trade from September 5, showing how hidden divergence on the MACD, a broken 4-hour trend line, and lower highs and lows set up the bearish case. The price hit Fibonacci levels and dropped sharply, confirming the trade.
Here is NZD/CHF sell follow-up. On September 5th, we published this post in this very channel on NZD/CHF. The plan was to sell the rallies. Here is a quick recap why we were after a sell. We spotted a bearish hidden divergence that developed into continuing divergence on the histogram. 4-hour chart made a beautiful MACD moving average divergence. The four-hour chart trend line was broken to the downside, and as it happened, the one-hour chart made classical price bearish price structure: three lower highs, lower lows. Our trading plan was straightforward: sell the rise from these Fibonacci levels as long as they hold. And here is the result. As you can see on this pair, entered the Fibonacci level and dropped down to deliver a strong bearish move. And bearish momentum. Join our family, the Home Trader Club, to enjoy the full, complete trading courses, real-time trading education, and real-time trading opportunities.
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