hk, I understand your question but the FXE was already at what I term "Extreme Oversold" levels a couple of weeks ago. Rather then long the Euro currency we traded the derivative trade of AKS which had more volatility to the long side and made a nice profit. The FXE is on it's way to becoming an Extreme Oversold currency once again and we'll more then likely trade a commodity name to take advantage of the oversold condition. Be careful of the term oversold, it's a relative term.
Great video. Are you going to long oversold Euro FXY ?
hktraveller 1 year ago
@hktraveller I mean FXE
hktraveller 1 year ago
@hktraveller
hk, I understand your question but the FXE was already at what I term "Extreme Oversold" levels a couple of weeks ago. Rather then long the Euro currency we traded the derivative trade of AKS which had more volatility to the long side and made a nice profit. The FXE is on it's way to becoming an Extreme Oversold currency once again and we'll more then likely trade a commodity name to take advantage of the oversold condition. Be careful of the term oversold, it's a relative term.
rad60002003 1 year ago