SPECULATIVE CURRENCY TRADES-UUP/FXE

Recently we've been watching for a possible false break in FXE and UUP, it appears we have that. With both trades in the position they are at, the trade makes sense as the risk is limited.

 FXE seems to have hit a double top with two false breakouts.


 FXE 15 min chart suggesting a reversal

 FXE's 5 min chart suggests it's ready to go. Below is an indicator I rarely use, it gives signals when there are extreme conditions and right now, it's very negative.

My stop for FXE would be $141.85

UUP

 Here's the possible False breakout in UUP

 UUP's  15 min chart suggesting a reversal-the volume seems to have accomplished what a false breakdown is meant to accomplish, knock traders out of their positions.

UUP 1 min seems it's ready to move up.

My stop on UUP would be $21.60