- November 9, 2020
- Posted by: virtualxstore
- Category: trading
We`ve got to be very carefully again as I see traps being prepared in the market.
Lots of retailers are currently looking for shorts in Major-Pairs such as AUD/USD , EUR/USD , GBP/USD and NZD/USD to catch the peek while CoT-Data are showing still a strong long-positioning of retailers.
We could eventually see a move down of DXY (US-DOLLAR) in order to stop out the long-positions and to attract retailers to sell the peeks.
This would give the big players enough liquidity to fill their long-positions.
With Biden as the President we can expect a stimulus-package in the future which means more liquidity for the market and so an inflational affect 👉 DOLLAR short.
Nontheless we need to look at the Senate aswell which is very important.
If the Republicans win the Senate we might see a very good chance of another rally in the stock-market as they will probably not accept Bidens tax-increase.
In case of Democrats winning the seats in the Senate we could see the “blue-wave” in form of a sweep and so quick decision making.
The best scenario would be to see DXY (Us-DOLLAR) to retrace with the opening in order to attract the sellers.
Just be careful with quick trade-decisions now.
Let`s see what happens.👌
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