USDRUB_TOM impulse wave 3Post downtrend breakage summer 22, consider uptrend is in progress with impulse wave 3 hasn't exhausted yet. Currently per my assumption it's in minor correction wave 4 of the uptrend impulse wave 3. Near-term target is either 66.45, else - 64.92. Mid-term target is around 76.9 - 77.4
USDRUB_TOD
USD/RUB :: What will happen to the USDRUB ?USD/RUB :::
1_ Blue channel :
Daily time frame :
It is moving in a descending channel .
Pay attention, there is a possibility that it will move in a range and reach the ceiling of the channel without increasing the price.
2_ In the time frame of 4 hours, it has broken a triangle that has sufficient validity and can confirm its fall .
3_ Returning to the red circle in the middle line is inevitable .
But the final movement will be towards the roof of the channel .
ridethepig | RUB Market Commentary 2020.02.14I will keep this one quick as it is Friday afternoon... its clear that high beta has been in demand from some faster hands of late. Nothing of meaningful weight in the ladder, I think we will test the highs before pulling back. Another technical break to the topside in play with some strong US data. This looks set to test the highs in USDRUB for now. Tactical long on a breakout recommended.
You will notice how we never got the breakdown:
Buyers came in strong and seems happy to play the topside for now. A push from local banks in Russia as capital begins to pour back in will be enough to get us back to the 64.2 highs where I would look to cover and recycle shorts.
As usual thanks for keeping the support coming with likes, comments, charts and etc. Jump into the comments with your views on RUB!
Russian Ruble (USD/RUB) Sell limit 64.80 >>> 61.39Russian Ruble:
During breakdown of the first candle. growth is same size of candle. ( TD )
Current candle is big. So we size a little different.
Daily chart
Current = Trend is down
MN = time frame
We have a big candle (First candle (TD))
I'm waiting on daily chart 64.80 (RUB) and after that we have Low trade zone/support for fixing deal = Target is 61.39 (RUB)
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Sell Limit = 64.80
Take Profit = 61.39
Stop Loss = 67.17
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Profit = 5.26%
Risk = 3.66%