Sunday, 11 November 2018

Forex Weekly Setups, 12th November to 16th November 2018

The Month of November started at a high note as we saw some great movements and retracements in certain pairs in which we saw AudUsd making 200 pip rally at the first days of the Month as the dollar index did a slight pullback at a high resistance area.

UsdChf
This pair has been going up non stop recently causing price to push up 



GbpCad
We have given a sell setup last week in which we have motivated our students to continue holding as we looking for price to go down as far as 1.69600 and out 2nd downside target will be at 1.68000 which is is like 400 pips from our entry given last week.



NzdJpy
An update on The NzdJpy trade will be posted on the website as we are currently holding some positions on the pair as we have displayed on the previous week, we looking to hold through out the month, further entries will be published based on this pair.

Last Setup



UsdJpy
We are currently bearish on this pair based on a short term move as we are looking towards a 200 to 300 pip move down before having a to see a greater price push upwards.

Last Setup, Before Priced Reached our Entry Point

Current Setup, Lets Continue Holding



AudUsd

The AudUsd has make a break above its downtrend which it has been moving from the beginning of this year getting prepared for the upcomming year trend, according to our analysis using the fibonacci we have level 0.75750 as our first target on this long term trade setup.



Thank your for going through these setups, we would like to hear from you soon. Lets Trade Forex

Sifiso Nkwanyana

Author & Editor

I hope you have recieved all the information you seek and thank you once more for browsing our website we hope to hear from you soon.

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