So the profit target at 1.1134 has been hit so you should now be out of your trade.
This is where things start to get tricky, and really, comes down to the presidential election. If Trump gets elected then EURUSD could jump to 1.5280 very quickly.. If Hilary wins then we could drop to 1.0850 very quickly.
The main point I will advise of here is, if you are going to take a trade before the results, use low leverage and a small position size as this has the potential to move very quickly. Remember back to Brexit where GBPUSD had a swing of 12%, and GBPJPY had a swing of 16%. They are some very big moves and you do not want to be caught on the wrong side of them.
hello which is what ?, advised to wait the outcome of the election? Thank you
lukelehepuu
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Hi, I have mentioned it in the above text. I am advising that the US election is going to make this pair move a lot, so it is best to wait until the results are in. BUT, if you want to trade now, do it with low leverage and a small position size.
Dankofx
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ok thanks but now where I advise short or long ?. Thank you
lukelehepuu
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Again, I have mentioned above that it is best to stay out if you can.. wait until tuesday night / wednesday morning. If you put a trade in before then and it is wrong, it can move hugely against you, meaning potentially big losses.