Trading plan for EURUSD, GBPUSD, USDJPY for 03/03/2020

3 mar 2020

EURUSD*

The technical cross-section**:

Trend: 0
A strength of trend: 3
Overbought/oversold: none
The priority area of transactions: buying

Selling in the area of 1,1150 with a stop above 1,1190 and a profit in area 1,1080.
Selling in the area of 1,1220 with a stop above 1,1270 and a profit in area 1,1080.
Buying in the area of 1,1090 with a stop below 1,1050 and a profit in the area of 1,1150.
Buying in the area of 1,1010 with a stop below 1,0970 and a profit in the area of 1,1090.

GBPUSD

The technical cross-section:

Trend: 0
A strength of trend: -3
Overbought/oversold: none
The priority area of transactions: selling

Buying in the area of 1,276 with a stop below 1,2720 and a profit in the area of 1,2840.
Buying in the area of 1,2640 with a stop below 1,2600 and a profit in the area of 1,2750.
Selling in the area of 1,2840 with a stop above 1,2880 and a profit in area 1,2760.
Selling in the area of 1,2910 with a stop above 1,2940 and a profit in area 1,2830.


USDJPY

The technical cross-section:

Trend: 0
A strength of trend: -3
Overbought/oversold: none
The priority area of transactions: selling

Selling in the area of 108,50 with a stop above 108,80 and a profit in area 107,90.
Selling in the area of 109,60 with a stop above 109,90 and a profit in area 108,60.
Buying in the area of 107,70 with a stop below 107,40 and a profit in the area of 108,40.
Buying in the area of 106,90 with a stop below 106,50 and a profit in the area of 108,60.


* 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 analysis 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!