FX CHART OF THE DAY: USDRUB MEAN REVERTION DOWN PROBABILITY
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)