Falling Wedge on the Sterling / Ruble Pair

The Sterling has begun to strengthen and the ruble appears to be a reasonable pairing to illustrate the pound's strength.

The RSI has broken out; and the AO is turning up.

On a break of the falling wedge a long position will be entered, with stops under the support at 75.

TP 1: 92
TP 2: 97
TP 3: 103

Happy Trading!

Aviso legal