Weekly Trade Plan for November 26th- 30th

You are welcome to another edition of our weekly trade plan. Last week saw us in profits as once again market moved according to our trade plan on the EURUSD and the GBPUSD.

This week I will be giving a follow up on the three currency pairs analysed last week.

In order to improve on your analysis kindly take time to check on last weeks trade plan and compare with how the market moved.

Most importantly DO NOT forget to sign up for free to the trading room.

AUDUSD

The trade plan for last week still remains valid as price still trades below the 0.7318 region. The outlook for this pair is still bullish as long as price trades above 0.7050 region.

TRADE ADVICE: Look to buy at short exhaustion. Look for price action buy signals at the support regions shown above..

GBPUSD

The Trade plan for last week played out perfectly for this pair with 100 pips bagged as price rebounded off the resistance level as shown on the blue arrow from last week. We are still firmly bearish for this pair with another bearish run to be exposed when the 1.266 region is broken.

TRADE ADVICE- Look to sell on rallies upwards towards the support region.

EURUSD

Once again the Trade plan for last week played out perfectly for the EURUSD as price rebounded the upper level of the range shown. We are bearish for this pair with near term aim at 1.2111 region. A break of that level will expose the 1.11 region.

TRADE ADVICE- Look to sell on any strength gained towards the top of the range.

Have a great week ahead!!

Feel free to share and drop comments. You can send a message to support@forexdorm.com If you will like us to provide you with a weekly trade plan for a currency pair not listed above. 

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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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