Daily Forex Analysis with Elliott Wave (03.21.2018) - GBPJPY
Dear Steemians, welcome...
Today, I have 1 new trade setup 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.
New Trade Setups
GBPJPY
I'm expecting very big down impulse, which will break the previous monthly bottom. That's why I'm seeking short trade setups in this pair. We got a down move in this timeframe and it looks like a correction is in the making. I have an entry order below the previous bottom. I'm also waiting for a breakout trade. If I manage to find a better entry, I will take the trade manually and remove my order. I have to tell you that it is a very risky trade. If it makes a running flat like I draw with green lines, it will reverse immediately and stop out. If you like to take this trade please don't forget this possibility.
Hotlist Items
Active Trades
USDCAD I hope it will keep falling after correction.
XAUUSD: It broke the down trendline, I'm waiting for a correction in order to close my trade.
NATGAS: It broke the down trendline, I'm waiting for a correction in order to close my trade.
SPX500: I will move my stoploss to breakeven, if it breaks down trendline, and leave it alone.
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
EURUSD: I'm expecting up move but there is no trade setup.
Analysis Videos of Hotlist Items
If you like to see the analysis of Hotlist items besides the updates, video links are:
EURUSD
XAUUSD
SPX500
NATGAS, BTCUSD
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.