USDRUB on the monthly chart is testing a historical resistance at the 80 levels after the test with a spike of the 0.618 Fibonacci level. The market after the recent news on the Ukrainian crisis is pushing higher and we can expect some break above for a new ATH.
How can we approach this scenario?
Even though is very risky to trade with high volatility if the price will break above we can move to the lower timeframes and check for a possible long entry.
––––– 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.
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waiting for a breakout
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pushing it
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ATH as expected
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40% profit
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spikes ahead
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41%
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an unfortunate opportunity provide us almost 50% profit