This is not a prediction of what will happen, but what could!
I have noticed that price has broken out of the narrowing range very recently, however price has not moved significantly any any direction yet. I have noticed that when you get a weak break out of a range, it will then reverse, what some people call a fake out.
With that said I have looked at the potential risk from the US election and noticed that there could be a lot of downside potential in this pair (around 9.5%). AGAIN, this is not a prediction but a possibility if something significant were to happen in the election on Tuesday.
Keep your positions small with low leverage, or wait for this storm to be over.
How do you see it, a Clinton win = dollar up or will it be stocks up dollar down. Thanks
Victor.Y.F
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Thank you! I will close all of my positions but the risk off one should be kept. I think OZ will be down for following the oil. This is the last squeezing that we could have OZ/KIWI 1.0 harmonic pattern completed.