FX Alert
FX Alert
Strange tape today – but then again it’s OPEX, so crazy swings kind of come with the territory. Quite frankly – usually I just stay away as I have better things to do than to be manhandled by a bunch of demonic cattle prod donning market makers. Of course some of my masochistic contemporaries love to play OPEX day as front month options behave a bit like mini futures – plenty of swing trading opportunities if you know how to play it. In that context the Zero may be a very valuable tool in your arsenal.
Meanwhile, over on the FX side my evil alert system just triggered a code red:
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Charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
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I really like the EUR/CHF on the daily chart. The odds for a long reversal here are decent and you can either take a long position here or perhaps more conservatively once you see either an inside day or a retest variation buy setup.
Cheers,
Mole
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