Hi guys!
Dollar Russian Ruble is about to form a perfect bearish bat pattern.
In my opinion the uptrend is pretty much to be expected as there is a strong support at 74.638.
Long then short could be a good takeout here.
Cheers!
Trade with caution. Not an investment advice.
USDRUB on the monthly chart is in a clear uptrend.
On the weekly chart price hit and got rejected by the structure at the highs before starting a new leg up.
Market on the daily chart is consolidating below a daily structure and we can expect during next days a break of it for a new test of the recent highs.
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Follow the Shrimp 🦐
Here is the Plancton0618...
EUR-RUB IS RETESTING STRONG RESISTANCE BEING HELD UP BY DIAGONAL SUPPORT
IF BREAKOUT IS CONFIRMED>>>
LONG ON PULLBACK
NEXT HISTORIC RESISTANCE ON THE CHART= FINAL TARGET
LIKE AND SUBSCRIBE!
USDRUB on the monthly chart is in an uptrend and market after testing the highs at the 82 area has moved down till 68 zone beofre startin g a new move up.
Now on the weekly chart (low left) we can see that price retraced back till exactly the 0.5 fib level of the down move higher.
On the daily chart price move down till the daily support and during next weeks we...
On a global scale, after a pulse of 140%, a symmetrical triangle began to form for 6 years. Which on a very symbolic date was broken up. Below I will describe and in the screenshots I will show what's what.
On the chart, I showed areas of potential price halt.
The stop or continuation of the upward movement will depend on the reaction of the price to these...
Dear friends, all greetings, I haven't reviewed the USDRUB trading pair for a long time, as we follow the plan of the previous idea.
I also noticed that the # USD / RUB currency pair is gaining more and more popularity among traders, despite the fact that the Russian ruble is not fully freely convertible currency.
The pair continues to move within the ascending...
USDRUB on the monthly channel is clearly in bull trend with some sharp crazy spikes and volatility.
Market recently touched the lower monthly trendline and start a new bullish move.
On the weekly chart we can see that the price retraced till the 0.618 of the previous leg and started a new impulse.
Three weeks ago market hit again the weekly resistance and gain...
USDRUB is side ranging between the weekly support (red) and the 0.382 fib level retracement.
Market has been inside an uptrending channel for the whole reteracement move.
IF the market will manage to break and close below the weekly structure and consequently will break the channel, according with Plancton's strategy we can set a nice short order.
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The market hasn moved up near the zone of the previous high created in march 2020.
Currently the price hit the resistance and is looking for a correction.
If the price will break and close below the 4h structure, at the retest of it we can set a nice short order according with our strategy.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis,...
The market has created a clear double top on the fib retracement level and currently is testing a support structure.
Price is still supported by the ema 21 and the upper channel.
When the price will manage to break below the structure and consequently below the ema and also break the channel we can set a nice short order according with our...
Pattern: Channel Down on 1W.
Signal: Bullish as the Channel Down found support on the 1W MA50 and the rebound broke the pattern upwards.
Target: 82.800 (the potential Double Top).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
The market after a long downtrend has now broke the trend line and currently is moving in a side range.
If the market will manage to break and close the resistance structure we can look for a long order according with our strategy with possible first target at the next resistance structure.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis...
Friends, I have not looked at the dollar chart for a long time, I think it’s worth fixing!
I write a review based only on technical analysis, so do not judge strictly.
In general, for me the picture looks bullish, I will explain why:
1️⃣ broke through the downtrend, thereby the falling wedge
2️⃣ closer to global support at 67.2 rubles
3️⃣ a potential double...
