Hello traders .. I hope you are all well and safe. I believe that we all know what is happening on the geopolitical scene and how the market reacts in such situations. However, this is a USD/RUB chart. I don’t usually trade RUB and this is just my view which might be a good chance to make a profit. From a technical point of view, we have a target of ABCD 1.0 that matches with R3 (PP) and in that area the market will be in the oversold zone (BB). So this can provide bullish pressure (before that, we could get a fake break of this pennant).
Keep in mind that geopolitics is in focus and no technical analysis will give good results if something different happens in the world.
Keep in mind that geopolitics is in focus and no technical analysis will give good results if something different happens in the world.