Looks like a nice wedge forming at a long term support zone here. Going to try a small size now and sit and wait for this to play out. The red zone could still be a resistance. With wedges like these, they usually play out, but they can make a false breakout to the downside first as well. If this happens, it's important to see a good bounce up as well, like a...
During breakdown of the first candle. growth is same size of candle. ( TD )
Current candle is big. So we size a little different.
Current = Trend is down
MN = time frame
We have a big candle (First candle (TD))
I'm waiting on daily chart 64.80 (RUB) and after that we have Low trade...
The divergence betwen the ruble and oil suggests a sort term correction down to the lower trend line, but the long term outlook for oil is bearish, sanctions are likely to add up against Russia, and a strenghtening usd will weight on the ruble. Hence a breakout of this symetrical triangle on the upside within 1 year is the most likely scenario
The main attention on Monday was riveted to the pound. And if in the first half of the day the reason for this was the publication of quite good statistics on UK GDP (+ 0.3% m / m + 0.6% q / q forecast: + 0.1% m / m + 0.5% q / q June: + 0.1% m / m + 0.4% q / q), then after lunch the pair's growth driver became the news from the Brexit fields. We have already...