USDRUB: Potential long term downtrend continuation

Interesting setup in the Ruble here. You may short at market, or on retracement. Stop above 64 is reasonable, you can alternatively use a stop above 66.

Good luck!

Ivan Labrie.

PS: The swap from holding this offsets part of the nasty swap you get charged with for holding USOIL longs.

Comment:

Trade closed manually:

Deutsche Bank dropping made equities drop hard, so the dollar is making volatile moves now. Better exit for now.

Comment:

I'm getting back in on this one, same stop. Risk small for now.

Trade active

Comment:

Let's look at a couple things here:

#1 bi-Weekly Time at Mode uptrend signal confirming by October 7th

#2 Swap for Ruble longs: The carry is roughly 7.94% of the position, per day! Sign me up for that yield, please...add to it a 26% upside potential, and I'm sold.

Just so you keep these in mind. Good luck if you go long Russia here with me.

Comment:

Great progress, the chart here isn't reflecting mine properly, the stop wasn't hit in my platform, and it dropped significantly.