03/31 – ETF Trading – FXY

FXY closed lower yesterday and you took your first long position in the etf trade. An updated chart is posted below.

As we discussed yesterday, we’ll scale in with up to three 3 trading positions. So, take a second trading position should FXY close lower today.

Otherwise, our exit signals are triggered when the etf price is greater than it’s 5 day moving average, or – for a potentially larger gain – when the RSI 2 is greater than 70. We’ll use the latter.

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

Join me every day as I offer new etf trading ideas for you to follow.

Updated chart:

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