Trade24Fx

Trading plan for EURUSD, GBPUSD, USDJPY for 01/12/2021

Short
FX:EURUSD   Euro / U.S. Dollar
EURUSD*

Technical analysis**:

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

Sell near 1,1360 with a stop loss above 1,1390 and a take profit near 1,1270.
Buy near 1,1260 with a stop loss above 1,1220 and a take profit near 1,1320.

GBPUSD

Technical analysis**:

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

Sell near 1,3420 with a stop loss above 1,3460 and a take profit near 1,3330.
Sell near 1,3520 with a stop loss above 1,3570 and a take profit near 1,3420.

USDJPY

Technical analysis**:

Trend: 0
Trend power: -2
Overbought/Oversold: absent
Preferable trade direction: sell

Buy near 113,90 with a stop loss above 114,30 and a take profit near 113,20.
Sell near 113,20 with a stop loss above 112,90 and a take profit near 113,90.

* 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!

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