SELL AND BUY BREAKOUTS LOOT OUT !
In parallel with the upcoming fall in oil prices to $ 22 ? we will see the growth of the dollar against the Russian ruble to the level of 96.00 USDRUB This happens already within 3-4 months Currently the price is in the resistance 83.27 (Red zone) The beginning of this forecast is (Blue zone) 76.26 and Breakout (Red zone) 83.27 Buy USDRUB until USOIL drops to $ 22 .
Short Entry @ 70 if it break the support trend line SL: 71 Target: 54
After the WTI Oil has confirmed its breakdown from its relevant range, USDRUB reacted accordingly - by breaking out from its range it has been in since September. Price is now above both 1-year and 1-quater distribution, trading above upper 1st standard deviations from 1-year and 1-quarter mean - signaling more upside probability.
USDRUB held uptrend test on 1-year and quarterly basis (bounced back from 1st standard deviations from 1-year (264 days) and quarterly (66 days) means). What is strange, Russian Ruble continues to fall despite downtrend in WTI oil has failed recently. (see related) If price continues to trend upwards (above 66) - likely target is 80, a level outlined by Russian...
We are pretty late to publish this idea but we are going to add to our longs if red horizontal line does not give a strong impulse sell. Otherwise we are going to wait for the prices to get near green line. Cordially Invigilo
Massive wicks below tells massive buyers to bounce price back up! Sentiment: Choppy with great volatility Probability: 50-50 with high RRR Risk reward ratio: 1:5-10
is it time for a pullback? the daily W%R is now at its lowest level since late August; this indicates that positive momentum is weakening.