A further drop in the Ruble exchange rate seems inevitable

  • Nov 23 2021
  • by
  • Analyst AZA
A further drop in the Ruble exchange rate seems inevitable

A further drop in the Ruble exchange rate seems inevitable

The Russian ruble exchange rate is falling faster and faster and its further collapse seems to have just begun. The price has a reserve of movement to the next resistance levels and therefore we set a target of 6,000 pips in this trade.

Symbol: USDRUB
Order Type: Pending Order - Buy Stop
Entry Price at 75.4000
Take Profit at 76.0000
Pips Earning: 6000

Forex trade strategy for major currency pairs:
EURUSD sell at the price of 1.1225
USDJPY buy at the price of 115.20
GBPUSD sell at the price of 1.3340
USDCHF buy at the price of 0.9340

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Trading recommendation for the forex currency pair
The profit can be $810.81 if the trading volume of 100000 USD (1 Lot).
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