02/19 – ETF Trading – FXI, FXP

FXI moved higher at the close yesterday and you took your first short position. Should FXI move higher today, take a second short position. Otherwise, our exit signals are when the closing price of FXI moves below its MA(5) or – for a potentially larger take – when the closing price of FXI satisfies RSI(2) < 30.

For the leveraged trade, you took your first long position of FXP (the double inverse etf of FXI). Even though FXP moved higher at the close yesterday (we were looking for it to move lower), we’re trading on the signals of FXI. Take your second long position in FXP should FXI move higher today. Exit at the close when the closing price of FXP moves above its MA(5), or – for a potentially larger gain – when the closing price satisfies RSI(2) > 70.

All trades are at the market close. Please trade responsibly.

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Updated charts:

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