FXE/EURUSD -- WATCHING FOR THE SAME THING AS BEFORE
Okay, okay, okay ... . So I've griped on occasion about trading FXE as the EURUSD proxy (no volatility, not good for premium selling, blah blah blah). But I can't help but think that I might get an another opportunity to short FXE on one of these weak dollar/risk off spikes. We're three points away in FXE, so I might get a shot ... .
Keep an eye on the long-term horizontal resistance at between 112 and 113 and erect short call verticals with strikes clear of that level if we get there (e.g., 113/116, 114/117), assuming you can get a decent credit to do so ... .
Keep an eye on the long-term horizontal resistance at between 112 and 113 and erect short call verticals with strikes clear of that level if we get there (e.g., 113/116, 114/117), assuming you can get a decent credit to do so ... .
Note
In the scheme of things, we're not that far away from my "sell zone."
Related publications
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.
Related publications
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.