I know, it has been only three days since I have closed my USD/RUB buy, but I have just went short on USD/RUB based on some pretty evident technical analysis factors. The currency pair is consolidating inside the ascending triangle on the weekly chart. During two previous instances of USD/RUB hitting the upper resistance (January and August), the pair retreated back to the lower trendline. I expect the same retracement this time too:
I have used a market order to execute the trade and have got in at 71.1087 rubles per dollar. I have a hard
PS: I know, the trade might look like a suicide considering the recent trend in oil and the overall situation in the Russian economy, but it is a technical analysis setup that should be over in a few weeks, not a
Update 2015-12-30: The trade hit a
If you have any questions or ideas regarding the trade opportunity in USD/RUB currency pair, please feel free to post them using the commentary form below.
- admin_mm
- December 21, 2015
- zero comment