Dear Steemians, welcome to Wave Analysis...
Today, we have 1 new trade setup. Then I will update the Hotlist.
It's going up very fast. I have put an entry order and my trade is active now. I think waiting for a flag before taking any trade will be a better idea. I wasn't expecting such a sharp move, but I'm in. The target is 0.50 retracement of down impulse, so it will complete the regular flat corrective pattern before next down impulse.
EURUSD: I'm waiting for a correction, then I will close my trade manually in order to take a new trade with better entry. I'm still looking for more down side.
USDCAD: It's going down, nice. It will eventually make a bigger correction. If you want to, you can close your trade. I will try to protect it.
USDJPY: Move stop loss to previous bottom.
AUDJPY: Leave it alone.
CHFJPY: Move stop loss to breakeven. The structure between yellow lines can be a correction. But I'm not closing my trade, because it can go up very fast.
USOIL: If it makes a correction, I will close the trade with some manually. Otherwise, it will stop out at breakeven.
SPX500: I don't know what it is doing, just leave it alone.
GBPCAD: I closed the trade at breakeven.
GBPJPY: It's going up. I'm still looking for short trade setup, but there isn't any.
XAUUSD: It's making a structure but it is not clear. So, 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.
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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.
