FX:AUDUSD   Australian Dollar / U.S. Dollar
138 2 10
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
+1 Reply
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.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out