ridethepig | RUB Market Commentary 2020.02.18
Updated
As widely expected we got a test of the highs at 64.2x once the channel was broken (see diagram). The ladder is light and I like to play this tight range and look for a test of the lows.
"Eyes here, looking to sell 64.2x on the day..." - This is currently in play, although risk is showing now signs of abating the low sizings are keeping a test of the lows on the cards. Tracking closely the highs, if we get a breakup then I will not be stubborn and hold onto the shorts, I will close. This is a tactical range trade.
Good luck all those in USDRUB, we can open the short-term sentiment conversations in the comments if we get enough interest. Thanks as usual for keeping the support coming with likes, comment and etc!
"Eyes here, looking to sell 64.2x on the day..." - This is currently in play, although risk is showing now signs of abating the low sizings are keeping a test of the lows on the cards. Tracking closely the highs, if we get a breakup then I will not be stubborn and hold onto the shorts, I will close. This is a tactical range trade.
Good luck all those in USDRUB, we can open the short-term sentiment conversations in the comments if we get enough interest. Thanks as usual for keeping the support coming with likes, comment and etc!
Note
Trailing time here for the close..lets see if we get a runner!Trade active
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