Dear Steemians, welcome to Wave Analysis...
Today, we have 3 new trade setups. Then I will update the Hotlist.
I'm waiting for a correction in 1H, then I will buy. I'm expecting next up impulse. I think down move is a correction, and it will go up very much. My target is 0.382 retracement of down impulse (0.84500) because I believe the structure is still too small to be the whole correction of weekly down move.
I'm expecting an up move to 0.78000 (0.618 retracement of weekly down move) and the completion of ABC corrective structure. So, I have put an entry order and my trade is active now. If you don't have any trade, and if you want to buy, wait for a small flag in 1H before pulling the trigger.
This chart has a great potential for downside. It broke the correction already. Now, I'm waiting for a small correction before I take any short trade. The drop can be C wave in running flat, or weekly corrective structure, or weekly down impulse. It is not easy to explain by typing. Please watch the video.
EURUSD: A correction is in the making, just wait.
USDJPY: I'm waiting for a breakout and small correction to take long trade. If it goes up without giving any trade setup, I have an entry order to be in the trade.
GBPUSD: I'm waiting for the breakout and small correction to sell it.
GBPNZD: It stopped out with small lose.
GBPJPY: There is chance for one more up move for bigger corrective structure. If it makes a flag, you can take long trade if you like, but I'm not interested in any long trade on this pair. At this point there is no trade setup.
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.
I appreciate that if you leave a comment and let me know what do you think about this post. If you find this content useful, don't forget upvote and resteem, also please follow me for more.
Until next time, trade with care.
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.
