USDRUB is tagging upper 1st st deviation from weekly (120-hour) mean after several legs of uptrend.
The price has a probability of mean revertion downwards to recharge volatility before going further
Traders can pick up shorts at the 1st standard deviation (62.64) with stops above the relevant peaks (64.55) and target at the weekly mean (60.65)
The price has a probability of mean revertion downwards to recharge volatility before going further
Traders can pick up shorts at the 1st standard deviation (62.64) with stops above the relevant peaks (64.55) and target at the weekly mean (60.65)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.