Dear Steemians, welcome to Wave Analysis...
Today, we have 2 new trade setups. Then I will update the Hotlist.
You can see the charts and brief explanations down below. But if you like to have more details please visit the published idea pages on Tradingview by clicking the name of the assets and watch today's analysis video on DTube by clicking the following image.
I think down move will be a correction for one more upside instead of daily down impulse. But I want to take a short trade because I don't wanna miss any short trade setup under any sircumstances because the price of down can be huge. So, I have placed an entry order. After some drop, I will move my stop-loss to breakeven and I will leave it alone.
After the weekly running flat, I'm expecting next up impulse. I will take a long trade by hoping an impulsive wave. But the last drop is too sharp to be the whole correction. It will go up but this move will probably be a correction. We will see, it's too early to say. I will take a long trade, then I will move stop-loss to break even and I will leave it alone.
USDJPY: I'm waiting for bigger correction, then I will make a decision about my trade.
CADJPY: It came down nicely but it didn't break the previous bottom. I hope it will keep going down. If I see a correction for more up, I will close my trade manually.
EURNZD: If it makes a correction after breaking the trendline I will close my trade. Otherwise I will not touch it.
GBPCHF: I hope it's maling a correction. Leave it alone.
XAUUSD: Daily structure looks like perfect long trade setup. That's why I have moved the stop-loss to breakeven.
XPTUSD: I'm waiting for a correction to take more long trade.
SPX500: There are a lot of options. Just leave it alone.
AUDJPY: I have put an entry order but it is risky. Waiting for breakout and correction might be a better idea to take any long trade.
CHFJPY: It keeps going down. But it's ok. Down move has no momentum, so eventually it will go up and I will be in the trade. I'm keep moving my entry order according to new tops and bottoms.
GBPUSD: Move the stoploss to blue line.
USOIL: There is no trade setup anymore. But my down move expectation is still valid.
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.
