USDRUB. We have a symetrical triangle pattern above the 4H 200 EMA.
If it holds, then we'll see the current resistance break and a move up higher happen.
You'll have to put your SL below the 4H 200 EMA with just a little space to it in case of spread volatility since its an exotic pair.
Happy trading.
If it holds, then we'll see the current resistance break and a move up higher happen.
You'll have to put your SL below the 4H 200 EMA with just a little space to it in case of spread volatility since its an exotic pair.
Happy trading.
Comment:
Look at it on the 8H chart, the bullish triangle pattern will be move obvious.
Order cancelled:
The trade for this position is canceled since prices weren't able to push up but rather down. It's closed until further clarity that it can go up as last expected.