Trading plan for EURUSD, GBPUSD, USDJPY for 04/08/2021

EURUSD*

Technical analysis**:

Trend: 0
Trend power: 3
Overbought/Oversold: absent
Preferable trade direction: buy

Sell near 1,1880 with a stop loss above 1,1910 and a take profit near 1,1820.
Buy near 1,1820 with a stop loss above 1,1790 and a take profit near 1,1880.
Buy near 1,1770 with a stop loss above 1,1740 and a take profit near 1,1820.

GBPUSD

Technical analysis**:

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

Sell near 1,4000 with a stop loss above 1,4050 and a take profit near 1,3900.
Buy near 1,3900 with a stop loss above 1,3850 and a take profit near 1,4000.
Buy near 1,3780 with a stop loss above 1,3730 and a take profit near 1,3880.

USDJPY

Technical analysis**:

Trend: 0
Trend power: -3
Overbought/Oversold: absent
Preferable trade direction: sell

Buy near 108,40 with a stop loss above 108,10 and a take profit near 109,20.
Sell near 109,30 with a stop loss above 109,70 and a take profit near 108,50.
Sell near 110,00 with a stop loss above 110,30 and a take profit near 109,30.

* 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!