Dear Steemians, welcome to Wave Analysis...
Today, we have 3 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 an entry order because I'm expecting an up impulse as C wave inside of the corrective structure. The minimum target of up impulse will be the breaking previous top if it makes a regular flat. That's why I have put an entry order but I hope it will come down first, so I can take a better trade.
I think down move is either a weekly correction or daily correction or impulse. In any case, there is a big potential for more downside. That's why I'm looking for short trade setups. As you can see I have put an entry order. Target is not clear, leave it empty.
I'm expecting a daily down impulse as C wave inside of running or expanding flat. That's why I'm looking for short trade setups. I have placed an entry order and I hope it will come down very fast.
USDJPY: I'm waiting for bigger correction, then I will make a decision about my trade.
EURNZD: If it makes a correction after breaking the trendline I will close my trade. Otherwise I will not touch it.
GBPCHF: I hope the correction was an expanding flat. Now I'm waiting for a small flag to take another short trade.
NZDCAD: Up move can be a correction. In this case it will stop me out. But I'm still expecting an up impulse.
XAUUSD: Daily structure looks like perfect long trade setup. That's why I have moved the stop-loss to breakeven. If I see any good long trade setup I will take it. Breaking the blue trendline and a flag after breakout can be a good buy setup.
XPTUSD: I'm waiting for a bigger correction to take more long trade.
SPX500: I think the p move will stop me out. I'm just waiting.
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 keep moving my entry order according to new tops and bottoms.
GBPUSD: Your stop-loss should be at the blue line. Wait for a small correction and move your stop-loss to new top.
CADJPY: Target reached.
AUDJPY: After a new drop, I took off my entry order. I will wait for a breakout trade.
AUDJPY: It broke the previous top and the trade setup is not valid anymore.
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.
