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Trade24Fx
Apr 8, 2021 8:41 AM

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

British Pound/U.S. DollarFXCM

Description

EURUSD*

Technical analysis**:

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

Sell near 1,1880 with a stop loss above 1,1910 and a take profit near 1,1770.
Sell near 1,1950 with a stop loss above 1,1980 and a take profit near 1,1860.
Buy near 1,1810 with a stop loss above 1,1770 and a take profit near 1,1860.

GBPUSD

Technical analysis**:

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

Sell near 1,3820 with a stop loss above 1,3870 and a take profit near 1,3740.
Buy near 1,3740 with a stop loss above 1,3700 and a take profit near 1,3820.

USDJPY

Technical analysis**:

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

Buy near 109,20 with a stop loss above 108,80 and a take profit near 110,20.


* 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!
Comments
Lingrid
You’re a genius. I don’t know what I’d do without you!
DeGRAM
In short, I put a can of beer that GBPUSD from 1.37357 will go into sell.
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