Source Code of How U.S. Election could affect of EUR/USD pair.
If ( Biden = wins ) {
More buying interest may push the price > 1.20000 after slightly lower.
.
If ( Trump = wins ) {
Sellers will keep selling respectively & US dollar will strong , causing Gartely force to the price to slide up to 0.786 at 1.13465
}
Howdy Traders ,
Exactly 61.8% retracement of XA leg which required for two pattern - 1 Gartley and, 2. Crab.
For the Gartley pattern, The price should respect of X but here price already fallen 1.13 which is not suit for Garley .
There are two possibility as per following:
1) The price will not break recent low or 1.618 AB = CD.
2) For the Crab, pattern...
Short at Entry 1 and Entry 2 for the Targets as mentioned.
Taking Harmonic Patterns to different dimension and its a very high probability trade. It may reverse between these 2 entry level.
Play smart!
