FX:AUDUSD   Australian Dollar/U.S. Dollar
132 2 9
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.
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Victor.Y.F
a month ago
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.
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kidbroge
a month ago
How do you see it, a Clinton win = dollar up or will it be stocks up dollar down. Thanks
+1 Reply
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