Trading plan for EURUSD, GBPUSD, USDJPY for 13/05/2021

EURUSD*

Technical analysis**:

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

Buy near 1,2080 with a stop loss above 1,2050 and a take profit near 1,2170.
Buy near 1,2000 with a stop loss above 1,1950 and a take profit near 1,2080.
Sell near 1,2170 with a stop loss above 1,2210 and a take profit near 1,2070.

GBPUSD

Technical analysis**:

Trend: 1
Trend power: 4
Overbought/Oversold: absent
Preferable trade direction: buy

Sell near 1,4140 with a stop loss above 1,4190 and a take profit near 1,4020.
Sell near 1,4240 with a stop loss above 1,4290 and a take profit near 1,4140.
Buy near 1,4020 with a stop loss above 1,3970 and a take profit near 1,4130.
Buy near 1,3920 with a stop loss above 1,3870 and a take profit near 1,4010.

USDJPY

Technical analysis**:

Trend: 0
Trend power: 0
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 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!