WEEKLY ANALYSIS FOR 11/1/2020
THIS WEEK IS ELECTION WEEK!!! 1) Go Vote and 2) we should see some interesting movement with the US Dollar. Ideally I would like it to continue to the up side since a Daily high was broken and I have a nice setup on EU, but it also does have the potential to get weak so I will wait until I have confirmation. The Yen didn't break the high I was looking at last week but it did come down and retest the 4H W and is chillin in that area so we shall see what happens this week. Bank Holiday tomorrow so I don't expect to see any real movement until Tuesday or Wednesday. With that being said, ideally I would like it to continue to the upside but if the US Dollar continues to get bullish, we might see some consolidation on UJ. Gold and SPX are showing some bearish vibes so I'll continue to look for selling opportunities this week post election cause honestly, I'm really not sure how it is going to effect those two. Let me know if y'all seeing what I am seeing. Have a great week of trading!!
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