Daily Forex Analysis with Elliott Wave (03.22.2018) - USOIL, COPPER

Dear Steemians, welcome...

Today, I have 2 new trade setups to share with you and then I will update the Hotlist. If you wish to see more details about the trade setups and the updates, you can watch today's video and you can visit the Tradingview published idea page of an asset by clicking on the name of it.

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New Trade Setups

USOIL

I believe that there are 3 options here.
(1) Blue ABC can be a completed corrective structure, it will make a down impulse.
(2) A correction like the white arrow as a 4th wave, then up move.
(3) A correction like the green arrow as a 4th wave, then up move.
I don't think 3th one will be the case, but of course, it is possible. At this point, I'm waiting for a correction in 15m. If it makes one, I will take a short trade. Then we will see its potential.

COPPER

I'm looking for the long trade opportunities on Copper. In my opinion, up move will create a running or an expanding flat as B wave in 4th. That's why I'm looking for upside. Target is not clear. it can be one of 0.786 or 0.886 retracement levels of whole down move.

Here is my daily forecast. I'm expecting a correction as the 4th wave.

Hotlist Items

Active Trades

USDCAD Dropping nicely, just wait.

NATGAS: It went down without stopped me out. I hope it will keep going down.

SPX500: Stoploss at the breakeven. Waiting for more down.

BTCUSD: It is going up but not fast enough. It is too early to say, but probably X wave is in the making. We will see. There is nothing to do at this point.

Pending Orders

CHFJPY: I have an entry order abowe previous top. I' waiting for big up impulse.

Removed from the List

XAUUSD: No trade setup anymore. I'm still looking for short trades.

Analysis Videos of Hotlist Items

If you like to see the analysis of Hotlist items besides the updates, video links are:
SPX500
NATGAS, BTCUSD
USDCAD, CHFJPY
USDCAD, CHFJPY

I appreciate that if you leave a comment and let me know what do you think about these trades. If you find this content useful, please don't forget upvote and resteem, and please consider following me for more.

Until next time, trade with care.

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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.