USA Election coming to a close but take caution as volatility can still occur.
Here we are looking "left" to see what has happened in the past elections.
Uncertainty = volatile market
Certainty = trending market
Pre elections we have seen USD weakness and right after we see USD strength in the remaining year months. With USD technicals in the buy zone and a retrace that has not yet occured from a trendline break we should see USD strength as well after the election.
But as always, remember risk management when trading USD pairs into the election. I'd personally advise staying out and looking at other pairs until the election is officially over.
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Here we are looking "left" to see what has happened in the past elections.
Uncertainty = volatile market
Certainty = trending market
Pre elections we have seen USD weakness and right after we see USD strength in the remaining year months. With USD technicals in the buy zone and a retrace that has not yet occured from a trendline break we should see USD strength as well after the election.
But as always, remember risk management when trading USD pairs into the election. I'd personally advise staying out and looking at other pairs until the election is officially over.
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.