People are asking for the update on USDRUB.
Nothing really has changed from my previous analysis. The only thing , I was sure that price will react on 87-89 range. But there is no sing of reversal from this level, so the next target is 95 rubles.
About the target for shorts. I still think that we going to drop lower than 50 rubles.
Second scenario is when price takes sellers liquidity. Because if we ask ourselves 'what price has made'? Correct answer is -- bearish break of structure (or change of character). So technically we are in a down trend from 2022. But after clear (in our example, bearish) choch price often moves higher to take previous high (121.50) as liquidity and only then price finally drops. I see this scenario all the time on 4h 15m or 5m charts.
If so target is 137 rubles for 1 US dollar.
But we have to stay positive and pray for 95 rubles level :)
Nothing really has changed from my previous analysis. The only thing , I was sure that price will react on 87-89 range. But there is no sing of reversal from this level, so the next target is 95 rubles.
About the target for shorts. I still think that we going to drop lower than 50 rubles.
Second scenario is when price takes sellers liquidity. Because if we ask ourselves 'what price has made'? Correct answer is -- bearish break of structure (or change of character). So technically we are in a down trend from 2022. But after clear (in our example, bearish) choch price often moves higher to take previous high (121.50) as liquidity and only then price finally drops. I see this scenario all the time on 4h 15m or 5m charts.
If so target is 137 rubles for 1 US dollar.
But we have to stay positive and pray for 95 rubles level :)
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