Trading plan for EURUSD, GBPUSD, USDJPY for 09/07/2019

9 ביולי 2019

EURUSD*

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 1,1280 with a stop above 1,1310 and a profit in area 1,1210.
Selling in the area of 1,1340 with a stop below 1,1370 and a profit in area 1,1280.
The purchase in the area of 1,1210 with a stop above 1,1180 and a profit in the area of 1,1340.
The purchase in the area of 1,1140 with a stop above 1,1100 and a profit in the area of 1,1280.


GBPUSD

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 1,2610 with a stop above 1,2660 and a profit in the area of 1,2510.
Selling in the area of 1,2740 with a stop above 1,2780 and a profit in the area of 1,2640.
The purchase in the area of 1,2510 with a stop below 1,2480 and a profit in area 1,2640.



USDJPY

The technical cross-section:

Trend: 0
A strength of trend: 1
Overbought/oversold: none
The priority area of transactions: selling

Selling in the area of 109,10 with a stop above 109,40 and a profit in the area of 108,50.
Selling in the area of 109,80 with a stop above 110,30 and a profit in the area of 108,50.

* 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!