Description of Analysis. Context. Thought Process. Profit target & stop loss.
Description;
The ruble / USD is a great place to explain and the Olmec strategy.
The Olmec strategy is a simple and effective way to read price action using Moving Averages and the Price Volume Trend;
Moving averages are used to spot trend reversals, maintain positions open or short and find precise entry and exit points.
The Price Volume Trend is then used to re-affirm the
Context;
Background on the RUB / USD pairing;
For the last 30 years since the fall of the USSR, the USA and the European Union have fulfilled their economic and military agendas.
This is not fiction but rather fact. The USD and Euro have made this a reality by being the preferred medium of exchange at the expense of other currencies and so for the last 30 years we have seen the steady selling of currencies like the Ruble in exchange for Dollars or Euros.
Thought process;
From today the 31st of March 2022 Russia will only accept rubles as payment for Russian natural gas. While most European countries have opposed this, the chart shows a change in trend for the heavily discounted Ruble.
Good info !! I posted this chart yesterday, calling BS against the western news narrative that their are sanctions in place, the rusky economy is collapsing etc etc.... yet the ruble is currently trading HIGHER than pre war levels. do you think the war started BECAUSE putin demands energy payments in ruble and not dollar? it would fit the u.s. reason for getting involved
Nico.Muselle
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do you think the war started BECAUSE putin demands energy payments in ruble and not dollar? it would fit the u.s. reason for getting involved