Currently, I am still holding EURUSD short. Click the chart below to understand my trading plan at the time
Nothing much I could do right now other than wait until my specified exit indicator tells me its time to close my entire position. Now, lets say I don't have any EURUSD position right now, here's probably the plan I would make.
Technical Analysis...
I am "exposed" with my short trade and I have my stops (beyond entry-level now, so yay) around that massive option expiry at 1.1000! Sometimes these option expiries give a magnetic effect on price. Would price move aggressively 67-70 pips from current market price in less than 5 hours? I don't see risk event for both U.S and Euro to warrant me a believe that could...
Recent crossover above 200 day EMA along with bullish sign from MACD would keep the price to float above 500 level.
Suggest sell 500 Put Mar @ 3. Lot Size: 1000
Bullish trend confirmed by EMA. And recent consolidation would help the price to stay above the gap formed on 30 Jan 2019.
Sell Feb 660 Put @ 1. Lot size: 1200.
