Dear Traders, first post though following for years.
1- 5M regression channel speaks for itself in very short term.
2- Multi year reg. channels. Over the small channel green: %80 of the bets are off (around 1,2230), over the big channel red (around 1,25ish): all bets are off.
Fundamentals need monetary debasement in US while technical analysis says long term drift, short term trend following. In FX mean reversion can never be underestimated, however mean might move both ways.
Congrats Ata, informative thread, well done.
1- 5M regression channel speaks for itself in very short term.
2- Multi year reg. channels. Over the small channel green: %80 of the bets are off (around 1,2230), over the big channel red (around 1,25ish): all bets are off.
Fundamentals need monetary debasement in US while technical analysis says long term drift, short term trend following. In FX mean reversion can never be underestimated, however mean might move both ways.
Congrats Ata, informative thread, well done.