My previous idea
showed the strength of the RUB.
I watched it closely and the very tight range and a lot of see-saw moves on USDRUB daily chart changed my mind.
I think we are not going to go much lower. I would quit short and book profit.
Updated view shows the corrective structure upside with the large C pending.
Target for C highlighted in a white rectangle with range between 50 and 78.6% Fibonacci retracement.
I watched it closely and the very tight range and a lot of see-saw moves on USDRUB daily chart changed my mind.
I think we are not going to go much lower. I would quit short and book profit.
Updated view shows the corrective structure upside with the large C pending.
Target for C highlighted in a white rectangle with range between 50 and 78.6% Fibonacci retracement.
Comment:
Pls follow this idea at the link below
