Intraday Market Thoughts
Non USD Risk in the Money
by
Nov 1, 2023 16:31
Here is a trade I issued yesterday to our WhatsApp Broadcast Group ahead of today's Fed decision/Powell press conference, which does NOT involve the US dollar. You may think it is EURGBP, but it's not. The trade is already in the money since Tuesday afternoon. The 3 different charts below represent 3 different time frames, each supporting and bolstering the other with distinct approaches to technical analysis. Can you guess the trade? Pleas feel free to @ me via Twitter at twitter.com/alaidi or post a comment on my latest Youtuve video and we'll take it from there. Best of luck with the Powell press conference and keep in mind the meaning of Bear Steepening into the rest of the week.
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