ridethepig | RUB Market Commentary 2020.02.18

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.

https://www.tradingview.com/chart/USDRUB/HLK95U0J-ridethepig-RUB-Market-Commentary-2020-02-14/

"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!