USDRUB - 240 - More upside?

Trade idea.

The current price structure is of higher lows and higher highs. The pair is trading above a short-term upside support line and also above its 200 EMA on the 4-hour chart. Even if we see a small slide to the downside, as long as the rate remains above that upside line and the 200 EMA, we will stay positive over the short-term outlook.

Please see the chart for levels and targets.

Don't forget your stop-loss.