Weekly Trade Plan for November 25th – 29th 2019.

You are welcome to another edition of the weekly trade plan. The month of November has been pretty steady for us in the trading room with a total of over 300 pips so far.

This week, as requested in the trading room by TshepoVandal we will be look at the USDCHF.

USDCHF

As shown in the chart above, the formation of the higher lows indicates pressure is to the upside. Also the break to the upside of the declining trend line clearly indicates strong bullish momentum.

However, price has to clearly break the 0.9990 region for another wave of bullish momentum to kick in.

 

TRADE ADVICE

In order to get any trade with this pair, we will be waiting for price to retrace to the 0.9921 region (entry as shown) and go long.

 

Have a great week ahead!!

Feel free to share and drop comments. If you will like an analysis like this for a currency pair you are looking at, kindly drop a message in the free trading room.

Please note that the Weekly Trade Plan is meant to make us prepared for the week ahead. Market analysis is as accurate as the close of previous day/week. Outlooks and trade action plan can very much change as a result of new market information.

Do not forget to sign up for our free trading room to stay up to date with daily chart analysis.

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Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubt.

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