The AUDUSD rose early in the U.K. session before making a lower high early in the U.S. session, accompanied by a three candle reversal pattern.
A short was taken risking 11 pips for a potential 43 pips to our daily target at .7101.
Price moved lower to the a confluence level completing the symmetrical mountain-like pattern, the .7100 figure and our daily target at .7101.
The final presidential debate is behind us. The market has been pricing in a Biden victory, no stimulus package before the election, and uncertainty regarding the coronavirus resurgence.
If wrong… many will be caught offside and there will be a stampede as traders exit trades causing some vertical moves. Fasten your seatbelt and be prepared for volatility. Be very cautious with your risk management as always.
Enjoy your weekend and good luck with your trading!
