US Dollar Trading Plan: EUR/USD, USD/JPY, GBP/USD

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By Deya Hroob

All trading set up are based on 4h charts!


EUR/USD is Trading Between Moving Averages.



EUR/USD is trading under resistance from 200 moving averages and resistance line.

To open long we need to undertake these resistance.

Open long position on a close candle above 109.70 

 First target 110.40, then 111.45

On the downside, 109.20 level is the first support. We can also buy at this level unless it's broken. ( remember our trading set up depends on closing  candles, you have to wait until candles close. Don't rush in trades :)

Our buying set up will be invalided  if the pair breaks 109.20 level.

USD/JPY Broke out The Triangle Pattern 




 Our last recommendation on USD/JPY is still valid.

After the breakout, the price has retested the broken support ( which now becomes resistance) numerous times . 

Trading the retest of key levels in the market can be an extremely simple yet powerfully effective trading strategy.


GBP/USD is Trading at Resistance Level 

 

The pair is forming a bull flag pattern. The simplest way to trade the pattern is to wait for the breakout and trade that breakout so Be patient :)  Our Previous Trade Set up On GBP/USD

In case of a breakout the upper line, the first target will be at 1.2565
  Good luck! 


 

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