Trading plan for EURUSD, GBPUSD, USDJPY for 10/03/2020

10 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 1,1450 with a stop above 1,1510 and a profit in area 1,1380.
Buying in the area of 1,1360 with a stop below 1,1310 and a profit in the area of 1,1450.
Buying in the area of 1,1360 with a stop below 1,1310 and a profit in the area of 1,1450.
Buying in the area of 1,1270 with a stop below 1,1240 and a profit in the area of 1,1360.

GBPUSD

The technical cross-section:

Trend: 1
A strength of trend: 4
Overbought/oversold: none
The priority area of transactions: buying

Buying in the area of 1,3060 with a stop below 1,3020 and a profit in the area of 1,3150.
Buying in the area of 1,2980 with a stop below 1,2940 and a profit in the area of 1,3120.
Buying in the area of 1,2850 with a stop below 1,2800 and a profit in the area of 1,2960.
Selling in the area of 1,3120 with a stop above 1,3150 and a profit in area 1,2980.
Selling in the area of 1,3190 with a stop above 1,3230 and a profit in area 1,3050.


USDJPY

The technical cross-section:

Trend: -1
A strength of trend: -4
Overbought/oversold: oversold
The priority area of transactions: selling

Selling in the area of 104,30 with a stop above 104,60 and a profit in area 103,00.
Selling in the area of 105,20 with a stop above 105,60 and a profit in area 104,30.


* 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!