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Australian Dollar / Russian Ruble

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AUDRUB trade ideas

RUBAUD, Triangle Ascending (bullish)STATUS = Confirmed CURRENT CONFIDENCE = 66% TARGET (EXIT) PRICE = 0.020353 AUD BREAKOUT (ENTRY) PRICE = 0.020294 AUD DISTANCE TO TARGET PRICE = 0.07% (1.4 pips) EMERGED ON Jul 13, 08:00 PM (UTC) CONFIRMED ON Jul 13, 08:59 PM (UTC) WITH CONFIDENCE LEVEL = 70% Tickeron AI shows that the Ascending Triangle pattern forms when the price of a pair tests a resistance level and creates a horizontal top line (1, 3, 5), with an upward­-sloping bottom line (2, 4) formed by a rising support level. The breakout can either be up or down, and it will determine whether the target price is higher or lower. This pattern is commonly associated with directionless markets, since the contraction (narrowing) of the market range signals that neither bulls nor bears are in control. When the price of a pair consolidates around a certain level, it may indicate growing investor confidence for a significant uptrend. Trade idea Once price breaks outside of the triangle, day traders and swing traders should trade with an UP trend. Consider buying a pairat the upward breakout level. To identify an exit, compute the target price by adding the pattern height to the breakout point. For upward breakouts, the level is the top horizontal line (1, 3, 5). The pattern height can be calculated by taking the difference between the resistance level set by the horizontal line, and the lowest low. To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
Long
by AlTorress
AUDRUB, Cup-and-Handle (bullish)STATUS = Confirmed CURRENT CONFIDENCE = 61% TARGET (EXIT) PRICE = 50.003969 RUB BREAKOUT (ENTRY) PRICE = 49.671627 RUB DISTANCE TO TARGET PRICE = 0.38% (19.0 pips) EMERGED ON Jul 08, 03:00 PM (UTC) CONFIRMED ON Jul 08, 03:00 PM (UTC) WITH CONFIDENCE LEVEL = 72% Tickeron AI shows that the Cup­-and-­Handle (sometimes called Cup­-and-­Holder) pattern is formed when the price of a pair initially declines and then rises to form a “U”­like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle. The declining handle potentially forms due to mounting selling pressure created when the pair tests its high at the right cup lip. After the sellers give up, the pair has the potential to breakout to the upside. Trade idea Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a pair or a call option at the upward breakout price/entry point. To identify an exit, compute the target price for the Cup­-and-­Holder pattern by adding the pattern’s height (the difference between the highest high and the bottom of the cup) to the price at the right cup lip. The confirmation move is when the pair moves past the breakout price above the right cup lip. To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
Long
by tickeron