Trading plan for EURUSD, GBPUSD, USDJPY for 16/03/2020

2020年3月16日

EURUSD*

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 1,1170 with a stop above 1,1210 and a profit in area 1,1090.
Selling in the area of 1,1250 with a stop above 1,1280 and a profit in area 1,1110.
Selling in the area of 1,1350 with a stop above 1,1390 and a profit in area 1,1260.
Buying in the area of 1,1080 with a stop below 1,1030 and a profit in the area of 1,1180.

GBPUSD

The technical cross-section:

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

Buying in the area of 1,2400 with a stop below 1,2450 and a profit in the area of 1,2300.
Selling in the area of 1,2510 with a stop above 1,2570 and a profit in area 1,2400.
Selling in the area of 1,2600 with a stop above 1,2660 and a profit in area 1,2510.
Selling in the area of 1,2290 with a stop above 1,2240 and a profit in area 1,2400.


USDJPY

The technical cross-section:

Trend: -1
A strength of trend: -1
Overbought/oversold: none
The priority area of transactions: selling

Selling in the area of 107,50 with a stop above 107,90 and a profit in area 106,10.
Selling in the area of 108,50 with a stop above 109,00 and a profit in area 106,20.


* 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!