Trading plan for EURUSD, GBPUSD, USDJPY for 11/06/2021 for FX:USDJPY by Trade24Fx



EURUSD* Technical analysis**: Trend: 1
Trend power: 1
Overbought/Oversold: absent
Preferable trade direction: buy Buy near 1,2180 with a stop loss above 1,2140 and a take profit near 1,2230.
Buy near 1,2090 with a stop loss above 1,2050 and a take profit near 1,2170.
Sell near 1,2230 with a stop loss above 1,2260 and a take profit near 1,2180.
Sell near 1,2290 with a stop loss above 1,2340 and a take profit near 1,2180. GBPUSD Technical analysis**: Trend: 1
Trend power: 2
Overbought/Oversold: absent
Preferable trade direction: buy Sell near 1,4200 with a stop loss above 1,4280 and a take profit near 1,4110.
Buy near 1,4110 with a stop loss above 1,4070 and a take profit near 1,4190.
Buy near 1,4020 with a stop loss above 1,3970 and a take profit near 1,4130. USDJPY Technical analysis**: Trend: 1
Trend power: 1
Overbought/Oversold: absent
Preferable trade direction: buy Sell near 109,90 with a stop loss above 110,20 and a take profit near 109,20.
Sell near 110,70 with a stop loss above 111,10 and a take profit near 109,90.
Buy near 109,20 with a stop loss above 108,80 and a take profit near 109,90.
Buy near 108, 40 with a stop loss above 108,00 and a take profit near 109,20. * 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 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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