EURUSD

going long with target 1800 , biden victory in 16th century prophecy

Went short now at 1.16 68

Closed with small profit

1.16 90 Shorted here , again

Entered short here thinking nothing to lose, stop above 1705 and targeting the range low - 1615.

Does anyone has a good model to price ballot chaos and riots?

Today it looks better to be ready for a fluctuation of at least 300 pips centering 1.1700 ,as we remember the last 2016 election's 300 pip up and down in turn .. A "one-in four year" day

Interesting chart showing linear correlation between years of schooling and democracy.

Well.
Yet.
Some spectators might get in shock at the sight of elections in one of the most prominent democratic country. (as per the chart of course)
But yea. Risks of chaos and unrest you said? OK. Let's just put some more guns/ammo back on store shelves.
Fuel on the fire you said? No. Just fundamental democratic rights after all.
Back to the Far-West.




https://www.zerohedge.com/political/...on-night-chaos
https://www.zerohedge.com/political/countdown-chaos
https://www.zerohedge.com/markets/wa...looting-unrest
https://www.zerohedge.com/political/...lection-unrest
https://www.zerohedge.com/markets/wa...ction-violence

Traders, time to put on your bet.
Hedging or staying on the sideline is also an option.

Well, in case this one is too much of a struggle to decide, luckily there are still plenty of other easier bets with higher confidence ratio over there...
https://www.zerohedge.com/economics/high-times-plague-year-booze-cannabis-retailers-shine


Well. Just carefully select the boose. Don't go soft.


https://www.zerohedge.com/markets/gl...-crushed-virus

Next selling area approaching.......1.17 10-20

Pre-election volatility started to roll out, I took 20 loss.

I will stay in the sidelines for now, waiting tomorrow the results and new data.

Eurozone October Markit manufacturing PMI final value recorded at 54.8, which was better than the market expected. EURUSD once reached its lowest in recent 1 month, yet remained roughly flat overnight; while EURHKD continued to trade above the 9.0 handle.

EUR vs USD Support/Resistance 1.1644/1.1840
Current trend bearish.


Japan October manufacturing PMI recorded at 48.7, which was slightly higher than its previous value. USDJPY fell 0.1% overnight; while JPYHKD continued to trade around the 7.4 level.

USD vs JPY Support/Resistance 103.90 / 105.63
Current trend bullish.

It's about to drop into a sharp wave correction very sharp very volatile. Nothing to do with current events.
Down as far as 1640 and back up.

Just a reminder, all this volatility is due to coming election and world wide events of covid19 like lockdown of France and so on. That is a fact and you can see it while watching and reading news and looking at the charts. Just want to remind traders especially traders that are starting to trade. Remember 80% fundamentals and 20% technicals. The waves, crab and bat patterns and so on, do not run the markets and do not move the price. It is all about supply and demand.

my positions about...

How long till U.S Corp Inc shuffles the managment teams around?

The retraces are tiny, already done with ending diagonal triangle to push upto next level.

Looking for spike to and sharp rejection around 1780

The bulls energy is gone

What are the fundamental reasons that we might see a drop?

Trump wins, possibly EURUSD go up, Biden wins, EURUSD possibly going down. So Trump wins, USD down, Biden wins USD up. Because of the reason a lot of people want Trump to lose so the impact will be negative on USD if he wins, and a lot of people want Biden to win which will be a good impact on USD and will go up.