Trading plan for EURUSD, GBPUSD, USDJPY for 20/03/2020

20. März 2020

EURUSD*

The technical cross-section**:

Trend: 0
A strength of trend: -2
Overbought/oversold: none
The priority area of transactions: selling

Selling in the area of 1,0810 with a stop above 1,0850 and a profit in area 1,0680.
Selling in the area of 1,0890 with a stop above 1,0930 and a profit in area 1,0680.
Selling in the area of 1,0960 with a stop above 1,1000 and a profit in area 1,0860.
Buying in the area of 1,0680 with a stop below 1,0630 and a profit in the area of 1,0810.

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 1,1650 with a stop above 1,1700 and a profit in area 1,1500.
Selling in the area of 1,1760 with a stop above 1,1820 and a profit in area 1,1650.
Selling in the area of 1,1880 with a stop above 1,1950 and a profit in area 1,1760.


USDJPY

The technical cross-section:

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

Selling in the area of 110,20 with a stop above 110,60 and a profit in area 108,60.
Selling in the area of 111,20 with a stop above 111,70 and a profit in area 110,20.
Buying in the area of 109,20 with a stop below 111,70 and a profit in the area of 110,20.
Buying in the area of 108,20 with a stop below 107,60 and a profit in the area of 109,50.


* 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!