USDRUB 73.20 - 0.32 % LONG IDEA * PRICE ACTION & STRUCTUREHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE USD / RUB .
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
USDRUB
❗️USD/RUB 1D. Shall we see the rise of dollar in near future?!Now, after we've formed the triangle on the global time frame, we're drawing a descending wedge and rebound from the support.
This is a really good setup for scalping. Takes and the stop are on the graph, plus, here are two additional takes in the case of a breakout on this triangle.
Pay attention that SXP500 is about to break the support, so it's predictable that traders and investors will fix their positions in dollars, should the price go down. This will potentially strengthen it.
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USDRUB move lower 🦐USDRUB after the test of the support area broke below, the market has now retested the previous support, now turned resistance, and according to Placton's strategy if the conditions will be satisfied we can set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
USDRUB 4H (temporary uptrend)Same as EURUSD
The current uptrend is the continuation of wave (B) of (ABC), whereby wave B is rather complicated consisting of (wxy). Further on the pair will go down one more time to 73 prior to the major depreciation of the rubble.
So in general, the Russian rubble is not ready to devalue at this time and will start depreciation together with the major correction on all the markets which I presume to start at the end of May-June 2021 and will last till October 2021
Cycle is up for CAD (Miners currency).It is not surprising to see that cycles for CAD are up - another correlated with silver currency. Check the related ideas to see all the details of the long silver idea.
Longer term cycles are down into 2022 for this pair (Up for CAD)
Short term cycle is down until March 3rd for this pair.
Downside price target for the short term cycle low is 1.20 - a close above the trend will cancel the sell signal.
USDRUB - POTENTIAL SHORTEntering my 3rd short position on USDRUB. This pair has been bearish for quite some time and we can see the price coming up and retesting 74.400 and strongly rejecting it on the daily time frame. Planning on holding full profits until the price reaches 72.800 where I will secure 50% of profits from all 3 positions running.
Please note, just because I stacked 3 active positions onto this trade, doesn't mean you should do the same.
This is not a trade signal.
USDRUB - Long term view:Greetings dear traders & investors!
To your attention we want introduces our long-terms technical view to Russian ruble.
As you see, Russian currency get a long term uptrend from 2014 and after ABC-move we start 1-5-move to 90. In 2021, when Biden was come a president of United States, we waiting a strong political and economics restrictions from him on Russian economy.
But restrictions is only one part of problems, more important how markets will look on grow up yields of US treasuries. By the way, current oil price is to expensive and looking overbuying and it must some correction here.
We also must look in US stock markets, because current technical view is a bad to, lot of professional funds and banks are sell out their positions to retail traders from Robinhood Markets
and others.
So, we do not want guess, when the moving is start, we just want get you attention to important levels:
Resistance: 76.30-76.90 | 79.20-79.80 | 82.80-83.40
Support: 72.80-73.40 | 70.30-70.90 | 66.90-67.50 | 64.50-65.10
With best regards,
WMCI.
Short for the USD/RUB as the CBR ends the easementJust yesterday The Central Bank of Russia (CBR) left interest rates unchanged announcing that "the easing cycle is over".
(www.fxstreet.com)We can see that the price passed below the midline of the bearish cross of 10&20 MA , so I expect the pair to decline to the support area.
USDRUB. LONG POSITION1. Ascending Triangle (height is 16300)
2. Parallel Channel
The price reached the bottom of the Ascending Triangle which is located in the Parallel Channel. In addition, the price is also near the Parallel Channel bottom.
The first target: The price reaches about a half of the Triangle height
The second target: The price reaches the full height
Stop Loss: The Parallel Channel is broken and the price goes down
USDRUB could drop to RR 66-68 once below 72The RUB is getting stronger amid global weakness of USD (DXY) and rising crude oil.
Below RR 72 the move to the upside could be invalidated.
There is a chance that this drop could extend to the downside to build the large wave Y of WXY flat correction.
We saw such a drop in wave W before.
The minimum target is to hit the start point of wave X at RR 68.
The equal distance with wave W could send the USDRUB even deeper to RR 66.
I added the inverse UKOIL on the left scale.
It shows that RUB accumulated a huge divergence as oil is rising and RUB doesn't catch up with it.
Before last summer the correlation worked amazingly well.
Do you agree with this view? Please share your comments below.
Cheers!