Right now market is still, waiting for FED meeting later today.
If rates will be raised by 0.5%, I'll expect some pullback for the market, but if we see 0.75%, it would be wise to look for shorts.
ALPHA is interesting because it's in the end of formation and can go either way, so I will choose direction after FED meeting.
Reasons to take short
⭐️ Bearish...
ALPHA have been bullish for days
But now it if fails to stay above the 0.5974 zone now forming a double top @ the 0.5974 with three candle broken downwards on the daily chart
I think a Short order would be great from here at CMP or 0.5470
Entry: 0.5470
Target1: 0.50
Target2: 0.45
Target3: 0.40
Stoploss: 0.5897
Dear traders,
Here is the usual report for previous month. After fabulous september month, we had a Okay-ish month in October with a small growth of 2% or a few hundreds pips.
Best of luck for November!
OTK Trade
EURGBP +21 pips / +0.13% (follow-up of september)
USDCHF +85 pips / +1.74% (follow-up of september)
AUDNZD +93 pips / +1.79%
COUBERTAIN...
