ABC is at a strong downtrend line resistanceA lot of volume came in on Friday closing as a doji at major resistance. Shorts are most likely hopping on board here. Going down to the 4H you can see there is an ascending triangle.
My plan is to enter above February 7th's high with March $85 calls. Should be a strong momentum move to the upside if volume moves in on a breakout of the downtrend line.
Let's see what she does this week :-).
Optionstrade
SQ coiled ready to pop to $80+ ahead of earningsSQ at a major trendline resistance area from the ATH. People jumped on board short yesterday as you can see the increase in volume and a bearish looking candle.
My plan is take the break of that bearish candle of yesterday with a target of $86 area with March $75 calls stoplimit $5.70 with a stop at $4.50-.60. Not risking more than $250.
As always let price discovery be your guide :-).
FXE - Euro/USD (Short)Short the Euro here via FXE. The chart of FXE is not exactly the same as /6E, but it is generally tracking it. I'm starting to build an Euro short here.
Bought Mar15 '19 111 puts for $2.13 db. Stop and targets are on chart.
