Trading plan for EURUSD, GBPUSD, USDJPY for 27/08/2021

EURUSD*

Technical analysis**:

Trend: -1
Trend power: -1
Overbought/Oversold: neutral
Preferable trade direction: sell

Sell near 1,1760 with a stop loss above 1,1790 and a take profit near 1,1680.
Sell near 1,1850 with a stop loss above 1,1890 and a take profit near 1,1780.


GBPUSD

Technical analysis**:

Trend: -1
Trend power: -1
Overbought/Oversold: neutral
Preferable trade direction: sell

Sell near 1,3760 with a stop loss above 1,3800 and a take profit near 1,3680
Buy near 1,3620 with a stop loss below 1,3580 and a take profit near 1,3720

USDJPY

Technical analysis**:

Trend: 0
Trend power: 1
Overbought/Oversold: absent
Preferable trade direction: buy

Buy near 109,30 with a stop loss below 109,00 and a take profit near 109,80.
Sell near 110,60 with a stop loss above 111,00 and a take profit near 109,80.



* 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;
Preferable trade direction 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 ideas and trades!