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Forexblade
Jun 17, 2021 4:46 PM

USD/RUB 4hr, monthly buy 72.40 area  Long

U.S. DOLLAR / RUSSIAN RUBLEICE

Description

Monthly chart : declining to green support band, this will be third decline. One month 01/03/2020 moved up and last 15month all price action stayed in upper 50% portion of that strong month.
Move from green support band will test top bolinger on monthly again around 88.
On 4hr , as price declining towards green support on monthly, some buying starts- gapping up on bottom, engulfing.
Buy 72.40 and will buy more if it decline more in to green and start producing more buying configurations inside the green support.
Initial target on 4hr is top bolinger band. Long term target monthly top bolinger band around 88.
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