FxWirePro Call Review: Our open/closed calls on Europe as turmoil begins

Europe is slowly emerging into a very long-lasting political chaos. It has Brexit to deal with, along with political crisis in Italy, which has pushed the country in a direct collision course with the idea of European Union, as well as the Eurozone. In addition to that, it has dis-satisfied Eastern European countries like Poland, Hungary, and the Czech Republic, a no-confidence vote against pro-EU Prime Minister in Spain to deal with and at a time, when the economy is showing signs of a slowdown.

In hindsight, it can be said that FxWirePro is in a comfortable position, considering its trade suggestions targeting Europe but in cases, we have been unlucky with the stop loss. Here are the list of open calls and failures,

Pan-European:

• Short in EUR/USD from 1.218; 1.17 target area reached; new target 1.14 area. https://www.econotimes.com/FxWirePro-Call-Review-Maintain-short-positions-in-EUR-USD-target-revised-lower-1315385

• Short in Eurostoxx50 from 3582; one target reached 3250; final target still far at 2800; reentered shorts before turmoil; https://www.econotimes.com/FxWirePro-Call-Review-Add-additional-short-positions-in-Eurostoxx50-1327343

United Kingdom:

• Short in GBP/USD from 1.413; targets reached at 1.376 and 1.354; new targets 1.30 and 1.25 area; https://www.econotimes.com/FxWirePro-Call-Review-GBP-USD-target-revised-lower-to-125-area-1336050
   
• FTSE100 (UK100) short got stopped out with new high; https://www.econotimes.com/FxWirePro-Call-Review-Energized-bulls-threaten-our-short-call-in-FTSE100-targeting-retest-of-peak-1264243 waiting to re-enter

Germany:

• In DAX (GER30), after our initial call got stopped out; https://www.econotimes.com/FxWirePro-Call-Review-Energized-bulls-threaten-our-short-call-in-FTSE100-targeting-retest-of-peak-1264243 we have re-entered shorts positions in DAX around 12970 area.

France:

• In CAC40 (FRA40), the call got stopped out; https://www.econotimes.com/FxWirePro-CAC40-trapped-in-Bull-Bear-fight-Sell-targeting-another-10-percent-drop-1152851

Spain:

• In IBEX35 (ESp35), short at 9860; reentered shorts at 10050 area; yet to reach targets at 9200, 9070, and 8725; final target 7800; https://www.vinsonfinancials.com/en/financial-news/1168732-fxwirepro-call-review-add-additional-short-positions-to-our-ibex35-bear-call

Kindly note, any individual call on Italy is out of scope.

FxWirePro, sincerely hopes that its readers are in comfortable or even better positions with regard to Europe.

HAPPY TRADING.