Trading plan for EURUSD, GBPUSD, USDJPY for 11/01/2021

11 janv. 2021

EURUSD*

Technical analysis**:

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

Buy near 1,2260 with a stop loss above 1,2310 and a take profit near 1,2160.
Buy near 1,2160 with a stop loss above 1,2120 and a take profit near 1,2250.
Buy near 1,2080 with a stop loss above 1,2040 and a take profit near 1,2160.

GBPUSD

Technical analysis**:

Trend: 0
Trend power: 0
Overbought/Oversold: absent
Preferable trade direction: sell

Sell near 1,3600 with a stop loss above 1,3650 and a take profit near 1,3440.
Sell near 1,3690 with a stop loss above 1,3740 and a take profit near 1,3560.
Buy near 1,3450 with a stop loss above 1,3400 and a take profit near 1,3550.
Buy near 1,3350 with a stop loss above 1,3300 and a take profit near 1,3450.


USDJPY

Technical analysis**:

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

Sell near 103,20 with a stop loss above 102,80 and a take profit near 104,00.
Sell near 104,20 with a stop loss above 104,50 and a take profit near 103,20.
Buy near 104,80 with a stop loss above 105,10 and a take profit near 104,20.

* 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 analy
sis 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!