Trading plan for EURUSD, GBPUSD, USDJPY for 17/01/2020

EURUSD*

The technical cross-section**:

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

Buying in the area of 1,1080 with a stop below 1,1040 and a profit in the area of 1,1150.
Buying in the area of 1,1170 with a stop below 1,1210 and a profit in area 1,1090.
Selling in the area of 1,1220 with a stop above 1,1260 and a profit in area 1,1160.


GBPUSD

The technical cross-section:

Trend: 1
A strength of trend: -1
Overbought/oversold: none
The priority area of transactions: selling

Buying in the area of 1,2980 with a stop below 1,2950 and a profit in the area of 1,3150.
Buying in the area of 1,2920 with a stop below 1,2870 and a profit in the area of 1,3150.
Selling in the area of 1,3070 with a stop above 1,3110 and a profit in area 1,2980.
Selling in the area of 1,3160 with a stop above 1,3200 and a profit in area 1,3070.


USDJPY

The technical cross-section:

Trend: 0
A strength of trend: 3
Overbought/oversold: none
The priority area of transactions: buying

Selling in the area of 110,60 with a stop above 111,00 and a profit in area 109,70.
Buying in the area of 109,60 with a stop below 109,20 and a profit in the area of 110,20.
Buying in the area of 108,90 with a stop below 108,30 and a profit in the area of 109,60.


* 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!