USD/RUB has formed a PG on a monthly basis
The ruble has once again become very interesting. A long time ago I opened a position here and until today a small residual position runs in this market. In the last month, another PG was now formed and thus allowed to open a new position. The upper trigger at 76.59 rubles has already been exceeded but a confirmation would also be advisable here.
The upward trend is unbroken and it looks like we will soon see new all time highs. As soon as we see a meaningful breakout I will give the full position size into the market again. If the market shows a strong movement before, then I am at least with the smaller position already there.
In the past, the EMA 200 was always a good chance to start another attempt on the upside. I guess we won't see a dip in the near future but if we do, it's a good opportunity. A triangle on a weekly basis offers a separate opportunity for a trade at the moment. Once the triangle is exited on the upside, a stronger move should begin.
Source: (Guidants/Godmode Trader) & JFD Broker & Binance
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