Trading plan for EURUSD, GBPUSD, USDJPY for 08/03/2019

8 Mar 2019

EURUSD*

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 1,1260 with a stop above 1,1320 and a profit in the area of 1,1160.

GBPUSD

The technical cross-section:

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

The purchase in the area of 1,3090 with a stop below 1,3060 and a profit in area 1,3250.
Selling in the area of 1,3240 with a stop above 1,3290 and a profit in the area of 1,3150.


USDJPY

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 112.00 with a stop above 112,60 and a profit in the area of 111,10.
The purchase in the area of 111,10 with a stop below 110,80 and a profit in area 112,50.


* 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!