Post downtrend breakage summer 22, consider uptrend is in progress with impulse wave 3 hasn't exhausted yet. Currently per my assumption it's in minor correction wave 4 of the uptrend impulse wave 3. Near-term target is either 66.45, else - 64.92. Mid-term target is around 76.9 - 77.4
There is no head and shoulders in four hour time frame so far: supposedly head is equal to left shoulder height and the right shoulder is getting shaped on low volume. I am neutral on this chart pattern, just publishing FYI
If USDRUB breaks out triangle resistance line on four-hour time frame, next target supposedly should be 79? I am neutral though on this pattern, just publishing FYI
USD/RUB :::
1_ Blue channel :
Daily time frame :
It is moving in a descending channel .
Pay attention, there is a possibility that it will move in a range and reach the ceiling of the channel without increasing the price.
2_ In the time frame of 4 hours, it has broken a triangle that has sufficient validity and can confirm its fall .
3_ Returning to the red...
I will keep this one quick as it is Friday afternoon... its clear that high beta has been in demand from some faster hands of late. Nothing of meaningful weight in the ladder, I think we will test the highs before pulling back. Another technical break to the topside in play with some strong US data. This looks set to test the highs in USDRUB for now. Tactical long...
Russian Ruble:
During breakdown of the first candle. growth is same size of candle. ( TD )
Current candle is big. So we size a little different.
Daily chart
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 zone/support for fixing deal = Target is 61.39...
