Markets enter into confusion associated with the elections in the US, Tuesday and the night after can be really exciting. I’m going to track to date the results and react to the situation on the market. Of course, as that volatility may be high I will limit the risk to a single transaction. Lately I closed a record long transaction on NZDJPY but more about that in a moment. I will look today only at two pairs because neither today nor tomorrow I do not intend to open any long-term transactions.
Increases on the Eurodolar were stopped and the price fell close to the next support. You can search there for a signal from the 4-hour chart, but until Wednesday I would stick away from entering any position because the market when are emotions is barely technical.
If you are interested in Price Action Strategy description, you can read it here.
Position opened on August 8 was closed this morning. The price even exceeded the target level of TP and noted a positive slippage of 15 pips. Ran for three months. increased 10% of account +0.5% from with swaps – it certainly makes me happy and was worth waiting.