Do not enter this one. I am only updating it for showing where we are at.
The market is extremely overbought, but well fundamentally anything can happen.
In terms of the RSI and state of market, the pair can swiftly correct at any time, and especially if there is unexpected news on the crisis, which for now is not the case.
The correction can be anywhere back to $ 110 . The current $ 135 look very overdone and being long can be very scary.
Again repeating DO NOT TRADE IT ... this is pure info only, and it is clear sanctions are affecting the currency pair, which is a logic.
The market is extremely overbought, but well fundamentally anything can happen.
In terms of the RSI and state of market, the pair can swiftly correct at any time, and especially if there is unexpected news on the crisis, which for now is not the case.
The correction can be anywhere back to $ 110 . The current $ 135 look very overdone and being long can be very scary.
Again repeating DO NOT TRADE IT ... this is pure info only, and it is clear sanctions are affecting the currency pair, which is a logic.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.