56.000 is my target (I don't trade this pair but I live in Russia so I should know what happens with my country currency.)
wow first aim is 55 till next month. if we drop down from 56,55 high level is 60,43
Quite often the first idea in your mind is correct, call it divine providence but it works. So the more I am analyzing corrective structures the better should be labelling ))). So this detailed count of what was seen last September - into related ideas below. The target is conservative at 44 RUB where Y=W.
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive 4XSetUps for next wee - friday close(1482 Cross-Rates) drive.google.com Best regards :) Aaron
This is the chart based on official exchange data though it's quite clean without choppy tales. It is an update. I added alternative count in yellow, which implies longer wave 5. The white trendlines isolate the current move successfully so watch their integrity closely. Happy New Year!
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... 39 Currencies (12th Month Statistics) @ drive.google.com Best regards Aaron
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... 1482 Cross-Rates (12th Month Statistics) @ drive.google.com Best regards Aaron
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... 1482 Cross-Rates (4th Quarter Statistics) @ drive.google.com Best regards Aaron
SL: 59.300 TP1: 61.800 TP2: 63.000 TP3: 64.500 TP4: 65.700 goodluck;)
If this idea will deliver then it supports the idea of USDRUB rise. The rub will not benefit much from rising oil as oil would rise against the rub also.
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...
Upside view remained, I changed labeling as the horizontal structure of the finishing wave makes me think of an ending diagonal in position of wave (c) of wave A. The wave B can hit up to (and even beyond) 100% of wave A. I put 3 arrows upside and 3 arrows downside to show the potential price action levels.