USDRUB on a falling wedge? 🦐USDRUB after the long retracement move found support over the weekly structure where the price created a double bottom.
The market from there will possibly start a new impulse and break the long wedge formation.
IF the price will break above the 73.500 area and consequently break the structure and the trendline, we will set a nice long order according to Plancton's strategy.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
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 the Plancton0618 strategy will trigger.
RUBUSD trade ideas
USD/RUB longHi everyone!
I think time for though small ̆ the purposes for growth - to blizhaishy resistance at the level of 75.60-75.80 came. It should be promoted by the following circumstances: 1) price of oil approached the ̆ the purposes on growth (there is a separate idea, there it is detailed); 2) the index of dollar just about should be developed; 3) today the last ̆ day on December futures; 4) today annual message. In principle I set the purpose small ̆ 75.49. Stop loss 71.49.
Purchase on 72.88
TP = 75.49.
SL = 71.49.
The provided information only educational also should not be used to take measures in the market.
Ruble : breaking the divergence or correcting?Looking at the gold rush on stock markets (Airbnb, DoorDash), listening to the noise of printing machines (ECB) and growing to the joy of OPEC oil it is so tempting to keep selling #USDRUB.
But something reminds of the same pattern at the same time in November, when after a sharp drop #USDRUB corrected upwards.
It's Friday, time to fix some profits and therefore it makes sense for #USDRUB to start moving North in 74.40 direction.
USDRUB analysisHello friends.
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Everything on the chart.
My vision on USDRUB pair, i would recommend to buy that active,right now.
yes, we can get stretching our correction wave and get decrease until ~74.5,
but if my markup is right, the potential for growth is much greater.
target: minimum target ~89
stop: ~72.3 (top of wave (1))
risk/reward almost 1 to 3.5
Good luck
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Wave C of 5 still dueI think the move that began in Jan 2018 is an ending wedge, of which wave 1-4 are already completed and even wave 5 is half done. This interpretation is aligned with the rest of the currencies, takes into account the dynamics in the treasuries, stocks and crude oil. We are waiting for one last, extremely overextended move, reaching to at least 140.
Can we go higher than 140? I think we can. I'm looking at the dynamics in the Moscow real estate index provided by IRN, where the Moscow prices per sq.meter currently stand at around 200kRUR / 2.6k$. The USD prices have been falling impulsively since 2008, and the wave structure of the index in USD suggests one last drop in wave 5 to around 1000$, which should match the last spike in the RUR exchange rate, before a large multi-year correction sets in.
So I think we can very well see 160 in USDRUB, which should bring the real estate prices in Moscow closer to 1k$ target.
USD/RUB: purchase with the small purposesHi everyone! According to my analysis of time frames the next week nachnetsya from growth of pair. At the moment many technical indicators show divergence and CCI are ready to a turn, including and MACD. Earlier the price punched several line ̆ supports. I expect stronger growth, than it is specified at me in the idea given ̆. But for the idea given ̆ we will use only two purposes of growth for the purpose of return to early to the punched support lines.
So: purchase with current (74.109)
TP1 = 74.99
TP2 = 75.69
SL = 73.38
The provided information only educational also should not be used to take measures in the market.
USDRUB D1The US Dollar and Russian Ruble currency pair made a significant fall. This is due more to the fall of the dollar than to the stability of the Russian economy and currency. Strong growth in oil prices influenced the strengthening of the American currency. But OPEC's decision on a possible increase in oil production will significantly affect the strengthening of the American currency. Moreover, the situation in the United States is likely to stabilize. Which is not an unimportant factor for the strength of the American dollar. Most likely, we will soon be able to see the growth of the dollar-ruble currency pair.
USD/RUB - Sell Update In this video update to a previous video I posted on selling USD/RUB, we look the Dollar getting weaken against the Ruble and a perfect time to enter a short sell-set up.
The Ruble has a number of factors supporting it's strength agaisnt the Dollar.
1.) Higher interest rates mean selling the currency pair gives you a positive overnight carry trade opportunity.
2.) Higher Oil prices will support the Russian Ruble as Oil makes up 55.92% of Russia's exports.
3.) A weaker U.S Dollar and negative current account balance should further depreciate the dollar.
The one risk to a downside sell is U.S Sanctions on Russia should the Joe Biden take a tough stance with Russia.
We look at Entry price, stop loss and take profit targets for this trade idea.