Eurozone strength: Time to go long
This is a new currency basket trade.
Euro has been displaying signs of strength, whereas the selected quote currencies have been weakening over time, presenting us with an good opportunity.
I will go long risking a total of 2.5% split between all pairs. (There is a second basket I'm looking at, featuring Pound Sterling, which I will publish in a minute).
Stops are to be placed at the price the dotted line shows.
The trade should be a two week hold, approximately.
Good luck traders!
Euro has been displaying signs of strength, whereas the selected quote currencies have been weakening over time, presenting us with an good opportunity.
I will go long risking a total of 2.5% split between all pairs. (There is a second basket I'm looking at, featuring Pound Sterling, which I will publish in a minute).
Stops are to be placed at the price the dotted line shows.
The trade should be a two week hold, approximately.
Good luck traders!
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ivanlabrie.substack.com/
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