Euro Dollar to spike before a Sell-Off
the pair is completing a complex corrective cycle labeled as W,X,Y, which in my opinion can be already done and we will start looking to short the pair from current levels.
however because of the US Elections today im assuming there might be a more Complex scenario that can push the euro higher to an extended wave (X) before falling down.
thats why i will be putting sell limit orders on the eurusd near 1.1899-1.1905 with a tight stop loss near previous high trying to avoid the noise or the volatility during Election Results.
Good Luck Traders!!!!!!
however because of the US Elections today im assuming there might be a more Complex scenario that can push the euro higher to an extended wave (X) before falling down.
thats why i will be putting sell limit orders on the eurusd near 1.1899-1.1905 with a tight stop loss near previous high trying to avoid the noise or the volatility during Election Results.
Good Luck Traders!!!!!!