Trading Plan for November 13-17, 2017

Trading Plan for November 13-17, 2017

The general picture: the second week without important news.

So, the second week started without important news for the FOREX market: there is a lull in the market.

On Wednesday there will be data on retail sales in the US for October and inflation data on retail prices - usually this news is not the first order, but in a situation of stagnation, this may cause the market may move.

For the euro -we buy from 1.1625 and are waiting for an attempt to break through 1.1690 up.

For GBPUSD: we see a continuation of the consolidation that has been repetitive all in the range of 1.3020 and 1.3320 - we are waiting for a breakthrough and we are preparing positions in the direction of the breakthrough.

In the weekend, bitcoin showed a strong drop of 30% - and although a significant part of the fall was reversed immediately - this is a significant signal for a long stop.

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The material has been provided by InstaForex Company - www.instaforex.com