This is not a recommendation but rather a possibility based on the following:
1. We may see an upward opening gap at start of the market later.
2. There are circumspect views that there is collusion between Iran, Israel and the USA pertaining to the recent escalation. Non of Iran's Oil or Nuclear installations were targeted.
3. US Election race is neck to neck with Trump has a perceived lead in swing states.
4. Rising bond yields and DXY also bullish
5. Possible formation of Bear Flag Chart pattern, which looks highly logical because of severe overbought conditions.
Please remember this coming week has a plethora of news culminating with the NFP news!
I will be looking to sell at the upper Fib level and with buy stop above the ATH.
Please leave your comments if you have any ideas!
Happy and safe trading!