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 have placed an entry order and my trade is active now. Wait for a correction before taking any short trade. I'm selling USDCAD because of the daily structure. It looks like a pretty clear correction so far. There is still some room under trendline for bigger correction, buy in any case, I will take the trade, then I will move the stop-loss to breakeven then I will see the potential. Second order canceled.
Wait for a breakout and a small correction before taking any short trade. It has some big potential for downside. It can still keep going up because we don't have any divergence in 1H in up impulse. But, when it completes itself, it will come down. Of course, there are some other options, so down move can be a correction instead of an impulse. The idea here is to take the trade, move the stop-loss, and let it show its potential.
USDJPY: It's making a higher degree correction but the pattern is not clear yet. So, leave it alone.
EURNZD: Move stop-loss to breakeven.
GBPCHF: Move stop-loss t谋 breakeven and leave it alone.
NZDCAD: Leave it alone. The up move can be a correction for more down side. We will see.
CHFJPY: It broke the down trend. Wait for a correction and take the long trade. Don't miss this one.
XAUUSD: Leave it alone. I will take a long trade after it breaks the blue trendline.
XPTUSD: It looks like a correction is in the making. So, we can take more long trades. Just wait for a decent trade setup.
SPX500: It will stop me out. I'm just waiting.
XAGUSD: I'm waiting for a chance to take a breakout trade instead of entry order.
XPDUSD: It doesn't look good anymore. Let's see.
GBPUSD: Stopped out with 7% profit. It was almost 700 pips.
USOIL: Stopped out with 1% loss.
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.
