USDRUB Sell opportunity at the top of the Channel Down.
The USDUB pair is on the 2nd straight red candle following yesterday's strong rejection near the top (Lower Highs trend-line) of the 1-year Channel Down. At the same time, the 1D RSI almost broke above the overbought barrier (70.00), a level last visited on April 16 2024.
As a result, we believe that this is the start of the new Bearish Leg of the pattern. Our target is 81.200, representing a -13.49% decline (similar to the previous ones).
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As a result, we believe that this is the start of the new Bearish Leg of the pattern. Our target is 81.200, representing a -13.49% decline (similar to the previous ones).
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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