USDRUB_SPT trade ideas
USDRUB ideaUSDRUB idea
At the moment, I am considering 2 options for movement
On the chart, I pointed out the option for the long and the option for the short one, because: the trend line was broken and there was a retest.
If the price is fixed at level 70 then it is possible long, if its price is fixed at level 68 then you can try to sell
USDRUB looking up 🦐The market after a long downtrend has now broke the trend line and currently is moving in a side range.
If the market will manage to break and close the resistance structure we can look for a long order according with our strategy with possible first target at the next resistance structure.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
MOD'S BANNED ME 2TIMES MOD'S BANNED ME 2TIMES - NO POST AGAIN MY IDEAS FOR FREE-SORRY TO MY FOLLOWERS
💵USD / RUB 1W. As one of the scenarios ...Friends, I have not looked at the dollar chart for a long time, I think it’s worth fixing!
I write a review based only on technical analysis, so do not judge strictly.
In general, for me the picture looks bullish, I will explain why:
1️⃣ broke through the downtrend, thereby the falling wedge
2️⃣ closer to global support at 67.2 rubles
3️⃣ a potential double bottom and a flat top triangle are visible on the daily chart
If someone is thinking of buying dollars, I would start while we are above global support. In the near future I am waiting for a rebound towards the level of 0.5 Fibo.
If you need this analytics, put 👍 and subscribe!
I will also be glad to see your comments under the idea, what do you think about this?
#USDRUB
USDRUB LongFrom a monthly PoV, pair has retraced to around the 61.8% fib level, which lines up with previous market structure (i.e resistance). If this level will hold as support, then it could be the point where retracement end.
Target is gotten from the weekly chart at the previous weekly support; further conflunce for target is that it lines up with the 38.2% fib level taken on the retracement leg from the monthly chart.
On the daily chart, market is forming an accumulation in the form of a wedge/pennant. If the pair would break out of this structure with a strong impulse on the daily chart, then entries can be sought on the retest of the structure, either on the 4hr, 1hr or lower time frame, depending on preference.
Patience is important. Best of luck!
Cup-and-Handle (bullish)CURRENT CONFIDENCE = 65%
TARGET (EXIT) PRICE = 0.014490 USD
BREAKOUT (ENTRY) PRICE = 0.014425 USD
DISTANCE TO TARGET PRICE= 0.07% (1.0 pips)
EMERGED ON Jun 25, 11:00 AM (UTC)
CONFIRMED ON Jun 25, 01:07 PM (UTC)
WITH CONFIDENCE LEVEL = 70%
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 break out to the upside.
Wedge Falling (bearish)CURRENT CONFIDENCE = 54%
BREAKOUT (ENTRY) PRICE = 69.218000 RUB
TARGET (EXIT) PRICE = 68.792000 RUB
DISTANCE TO TARGET PRICE = 0.33% (22.5 pips)
EMERGED ON Jun 25, 01:00 PM (UTC)
CONFIRMED ON Jun 25, 01:59 PM (UTC)
WITH CONFIDENCE LEVEL = 64%
Tickeron AI shows that the Falling Wedge pattern forms when prices appear to spiral downward, with lower lows (1, 3, 5) and lower highs (2, 4) creating two down-sloping trend lines that intersect to form a triangle. Unlike Descending Triangle patterns, however, both lines need to have a distinct downward slope, with the top line having a steeper decline.
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. However, there is a distinct possibility that market participants will either pour in or sell out, and the price can move up or down with big volumes (leading up to the breakout).
USDRUB is gaining popularity among tradersThe USD / RUB currency pair is gaining more and more popularity among traders, despite the fact that the Russian ruble is not a fully freely convertible currency. The ratio in this currency pair is quite strongly tied to oil quotes and this makes the movement of currencies in the pair relatively predictable so that it is possible to carry out profitable currency transactions with a high degree of certainty.
The pair continues to move within the correction and the downward channel. At the time of the publication of the forecast, the rate is 69.33. Moving averages indicate a short-term bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers of American currency. As part of the forecast for the dollar on June 25, 2020, we should expect an attempt to develop a bullish correction and test the resistance level near the area of 70 rubles per dollar.
When the breakdown of resistance is waiting for growth to 72.
Cancellation of the option breakdown of the support area and closing of quotes below the level of 68.5. In this case, we should expect continued decline to the level of 64.7
Once again, I understand you that RUB is an unreliable currency to save your money.
Friends, do you want to increase your capital with minimal risk, write to me)
USDRUB to retrace in 75.50-77.20 areaI see Brent Crude lower (see related) therefore I think the USDRUB will move higher making a retracement.
How deep it will be is a guess depicted with the blue box between 75.50 and 77.20 so far.
$USDRUB falling wedge reversalRussian Ruble price action is getting on bullish side:
- Falling wedge reversal in play
- Deviation / fake-out below Range Lows to hunt stops
- Consolidation in progress between Fib Levels 0.7 and 0.61
- Major news events. Russian Federal Reserve lowered interest rates. Cash and carry strategy used by foreign investors become less profitable. Money pulled from Ruble to USD and EUR.
Price action may dip further to capitulate, but overall price is set to skyrocket soon.
Target: Previous untested highs.
This is not financial advice.
