2022-06-20

USD vs RUB

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
RUSSIAN RUBLE IS TRADING NOW AT 55 ,THIS IS  THE HIGHEST HIGH SINCE  2018 AND BOUNCED FROM THE LOWEST LOW AT ROUGHLY 140 AFTER UKRAINE INVASION
ACCORDING TO THE AVAILABLE DATA I DO THINK  THE FIVE WAVES UP ARE COMPLETE AS WAVE ONE ,THEN A THREE WAVE CORRECTION SHOULD FOLLOW AS EWP THEORY SAYS
I THINK THE FIRST LEG OF COORECTION COULD END AT 54 OR MAY HAVE EXTENDED TO 50 THEN PRICE SNAPBACK TO RANGE OF 80-90 THEN THE FINAL LEG OF CORRECTION MIGHT HAVE TAKEN PRICE DOWN  IN RANGE 15-30
THIS SCENARIO INVALIDATION IF PRICE CLOSES ABOVE 140