Short the Euro here via FXE. The chart of FXE is not exactly the same as /6E, but it is generally tracking it. I'm starting to build an Euro short here.
Bought Mar15 '19 111 puts for $2.13 db. Stop and targets are on chart.
I've a bearish bias on the EURUSD based on capital outflow due to the low yield on Bunds vs much more attractive US treasury yield.
In a nutshell I've short straddled FXE at 111 until Aug expiry and longed a 104/122 strangle until year end.
Back in June 26 When EURUSD @ 1.165 I sold the FXE AUG 111 straddle for @2.70 with IV at 7.98. This gave me breakevens at...
Been a busy last several days of moving into a new residence, but I'm back and ready to publish more ideas than ever.
Thank you for sticking with me!
The FXE, an ETF that tracks the value of the Euro, has been devastated in recent weeks due to political turmoil especially in Italy, but also in Spain. The Euro has the look and feel of a falling knife, but a...
my sl is 118 entry is @113 and tp is 106... on monthly and weekly there is bearish momentum... on monthly the hma has crossed the bb avg that is bearish tendencies. the weekly candels dont show a compreshion posture its looking for direction it seams.. if you look at it on a daily tmframe it is falling off a cliff... this is a longer term position timeframe is...
... for a 1.35/contract debit.
I seem to be taking quite a few directional shots lately. Here's a neutral to bearish one in the Euro proxy (FXE) where I paid 1.35 for a two-wide (67.5% the width of the spread).
Case for FXE Bear Put Spread
Next week’s ECB meeting seems unlikley to result in increased rates tapering while the Fed is actively unwinding QE
Softer EU inflation data, manufacturing PMI’s, and Italian elections keep pressure low on Draghi to tighten despite solid GDP statistics
Recent US equity spike in volatility likely to be top of ECB voters’ minds.
11/26/17 – November, outside month up, bullish month.
Full timeframe continuity to the upside. Starting to railroad
track on the weekly. We will see what New actionable signals
December brings. Nearing high, be cautious of exhaustion.
On the Daily chart we see a beautiful pattern.
The 113 level on FXE (EURO) has been resistance since 2015.
We've tested that area 5 times. Finally in July, we broke though, came back and retested, and now we are bouncing off of that level.
A beautiful pattern here. The base since 2015 has been forming for 2 years, so this looks like an amazing opportunity to...