Dear Steemians, welcome to Wave Analysis...
Today, we have 1 new trade setup. Then I will update the Hotlist.
his will be the 5th CHFJPY long trade. I hope this time it will start making next weekly up impulse. There is still a chance for some more downside, but those down moves will not change the structure, that's why I will keep taking long trades. I have put an entry order, but if I can find the better entry I will take it and remove the entry order.
USDJPY: 300 pips so far, I'm waiting for a correction to take another long trade. But there is still divergence, so it can make higher degree correction. If you want to protect some of your profit, move stop-loss to 109.900 or just wait like I do.
AUDJPY: Move the stop-loss to breakeven and leave it alone. If it goes up, it will be very fast, if it comes down, I will take another long trade.
EURNZD: Down move can be a correction. In this case, it will go up and stop me out. But I will not touch my trade, because I'm still expecting down move.
GBPCHF: Down move can be a correction. In this case, it will go up and stop me out. But I will not touch my trade, because I'm still expecting down move and the potentail of drop is huge.
XAUUSD: Leave it alone until it makes a big correction. Then we can move the stop-loss to breakeven and take another short trade.
SPX500:
It tagged my entry order and reveresed. Now, I have 2 active trades. I hope it will come down fast. If it goes up I will keep taking short trades.
XPTUSD: I have replaced the entry order. Target and stop-loss are still same.
GBPUSD: If the down move is the C wave inside of daily X wave, the corrective structure should be about the end. So, if you have any short trade you should consider to close it. I believe moving stop-loss to the closer to spot price would be a better idea.
EURGBP: I hope it will come down one more time, and create a running or an expanding flat. Than I will take a long trade.
CADJPY: It went up but didn't break the previous top. So, the up move is still a correction, that means my forecast is still next down impulse. I'm waiting for a correction, then I will take a short trade.
USOIL: I'm waiting for a correction to take short trade.
You can visit the published idea page on Tradingview by clicking the name of the asset. If you like to see more details and explanations about this trade setup and updating of Hotlist items you can watch today's video on DTube by clicking the following image.
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Until next time, trade with care.
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What is Hotlist?
Hotlist a short list, which contains charts that were shared in previous days. So, today's new trade setup will be in the Hotlist tomorrow, and I will update its status every day until I remove it from the list. Each chart will be in the Hotlist as long as we have an active trade or a pending order or its trade setup remains valid.
Disclaimer:
Don't invest more money than you can afford to lose. Trading carries a high degree of risk. Everything here is my personal opinion, should not be considered as trade calls.
