In line with USOIL USDRUB looks poised to rally having bounced off 200 and 100 MAs. The previous movement looks corrective which adds arguments for upward thrust.
Risk on the trade is 0.38% but if the reversal confirmed I will buy foreign currency futures to hedge 100% of the portfolio + to make a profit.
Risk on the trade is 0.38% but if the reversal confirmed I will buy foreign currency futures to hedge 100% of the portfolio + to make a profit.
Comment:
looks like the trade is going nowhere and I better close my positions in anticipation of oil price shorter-term bounce
Trade closed manually
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🌏 energeiacharta.com
⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist
🗃️ Extensive analysis archives
📏 Chartopedia, with examples of applying ElliottWave to real world charts
