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.
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.
