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Market Action Before US Elections
Published: Nov 2, 2020, 14:55 UTC
In today’s Traders Edge Market Briefing, Tomasz found those amazing setups we thought you’d find interesting!
In this article:
Nasdaq bounces from the lower line of a big symmetric triangle pattern.
SP500 finds support on the 23,6% Fibonacci and tests it with a nice daily hammer.
DAX has even a better situation, also with hammer but here on the 38,2% Fibonacci, which tends to be more reliable.
EURUSD tests the broken 1.17 as a closest resistance. Sellers are winning.
EURAUD is coming back inside the sideways trend area. Apparently the bullish breakout was fake.
Gold is bouncing from the 1893 USD/oz resistance.
EURPLN comes back a bit and test the broken 4,59 as a closest support. That looks like a great place for a price action traders.
For a look at all of today’s economic events, check out our economic calendar.
About the Author
Tomasz Wiśniewskicontributor
During his career, Tomasz has held over 400 webinars, live seminars and lectures across Poland. He is also an academic lecturer at Kozminski University. In his previous work, Tomasz initiated live trading programs, where he traded on real accounts, showing his transactions, providing signals and special webinars for his clients.
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