Trading plan for EURUSD, GBPUSD, USDJPY for 04/09/2020
EURUSD*
The technical cross-section**:
Trend: 1
A strength of trend: 1
Overbought/oversold: none
The priority area of transactions: buying
Selling in the area of 1,1900 with a stop below 1,1940 and a profit in the area of 1,1820.
Buying in the area of 1,1800 with a stop below 1,1760 and a profit in the area of 1,1910.
Buying in the area of 1,1730 with a stop below 1,160 and a profit in the area of 1,1810.
GBPUSD
The technical cross-section:
Trend: 1
A strength of trend: 1
Overbought/oversold: none
The priority area of transactions: buying
Selling in the area of 1,3380 with a stop above 1,3430 and a profit in area 1,3240.
Buying in the area of 1,3240 with a stop above 1,3180 and a profit in area 1,3340.
USDJPY
The technical cross-section:
Trend: 0
A strength of trend: 0
Overbought/oversold: none
The priority area of transactions: selling
Selling in the area of 107,00 with a stop above 107,70 and a profit in area 106,10.
Buying in the area of 105,40 with a stop above 105,00 and a profit in area 106,10.
* all transactions are intraday, that is, it must be closed at the end of the day. The error in the parameters of transactions is +/- 5 points; in the case of fundamental force majeure, the recommendations may be less relevant;
** the trend parameter accepts values “+1” - an uptrend, “-1” - a downtrend, “0” - no trend. Determined in terms of the author's analysis of a set of signals from technical indicators from different time frames;
the trend strength parameter - accepts values from “-4” to “+4” and shows how strong this trend is. It is determined based on the author's analysis of a set of signals from technical indicators from different time frames;
overbought/oversold is defined in terms of the analy
sis of the RSI (8) indicator on a daily time frame. The boundaries of the zones are accordingly 70 and 30;
the priority area of transactions depends first of all on trend and its strength but is also taken into account our value judgments of the situation on the market.
Wish you successful trading solutions and transactions!
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