Trading plan for EURUSD, GBPUSD, USDJPY for 29/09/2021

29 sept. 2021

EURUSD*

Technical analysis**:

Trend: -1
Trend power: -3
Overbought/Oversold: absent
Preferable trade direction: sell

Sell near 1,1750 with a stop loss above 1,1780 and a take profit near 1,1680.
Sell near 1,1800 with a stop loss above 1,1840 and a take profit near 1,1750
Buy near 1,1670 with a stop loss above 1,1630 and a take profit near 1,1750

GBPUSD

Technical analysis**:

Trend: -1
Trend power: -4
Overbought/Oversold: absent
Preferable trade direction: sell

Sell near 1,3600 with a stop loss above 1,3650 and a take profit near 1,3500.
Sell near 1,3700 with a stop loss above 1,3740 and a take profit near 1,3610.

USDJPY

Technical analysis**:

Trend: 1
Trend power: 4
Overbought/Oversold: overbuy
Preferable trade direction: buy

Buy near 110,60 with a stop loss above 110,30 and a take profit near 111,50.
Buy near 110,00 with a stop loss above 109,70 and a take profit near 110,60.
Sell near 111,50 with a stop loss above 111,90 and a take profit near 110,70.

* 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!