Dear Steemians, welcome to Wave Analysis...
Today, we have 2 new trade setups. Then I will update the Hotlist.
While I was recording today's video analysis, I was expecting some correction before this down move, but it just fell. Wait for a correction to take any trade. Don't jump in. My minimum target is the breaking of up trendline. Then we will see. There is a chance for one more upside, or it can go down and make new all-time low.
I'm expecting one more daily down impulse as wave 5. In the meantime, the up move can be a starting of bigger up impulse. In this case we will have correction. So, in any case, there is some potential for downside. I was waiting for the breakout to take a short trade. As you can see it broke. Now, I'm waiting for a small sideways move in 15m. Then I will take the trade. BTW 0.71% I have an entry order because it can go down directly.
USDCAD: Move first trade stop-loss to the second trade's entry price. If it makes a small correction, I will close both trades manually, otherwise thet will stop out.
USDJPY: It looks like we have a complited running flat. I hope it will keep going up.
AUDJPY: I'm not touching to my trade. If you want to you can move your stop loss to breakeven.
GBPAUD: Move the stop-loss to breakeven.
SPX500: I'm still expecting the down move as C wave. If it starts going down, I will start moving the stop loss to positive levels and I won't close the manually. Because, what if falls like a rock.
XAUUSD: Nothing new, just wait for a correction to take short trade. I still have an entry order, just in case if it falls. If it goes up, I don't have any trade setup.
NATGAS: It's probably making a correction, just wait for some more upside. Then take the trade after breakout.
GBPNZD: Wait for a correction, then take the short trade.
CHFJPY: Stopped out with breakeven.
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.
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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.
