Dear Steemians, welcome to Wave Analysis...
Today, we have 2 new trade setups. Then I will update the Hotlist.
There is no trade setup at this point but I'm waiting for a reversal impulse, then waiting for a small correction, then I'm putting an entry order over the last top. If it makes a new low, I will repeat the same process until it breaks the bottom at 1.2154. There is also a chance for a correction as 4th wave (yellow counts), but it is too early to say anything about it. I will take the trade first, then I will see the next structure. I haven't put the order yet, I'm still waiting for a small correction.
I think it will make daily running or expanding flat before it goes up one more time. That's why I'm looking at short trade setups. The structure between green lines can be an expanding flat and as you can see it broke the blue trendline . Now, it's making a correction. Putting an entry order can be a good idea. There is no target at this point.
USDJPY: It's going up very well sofar, just leave it alone.
AUDJPY: Last part looks like a correction. So, it can drop some more, but I'm still expecting more upside for the completion of daily X wave. So, leave it alone.
CADJPY: It's making a correction for more down side. When it breaks the previous bottom, I will move the stop-loss to breakeven.
CHFJPY: Nice... Wait for a correction to take long trade. don't jump in.
GBPAUD: Leave it alone.
GBPCHF: Just Leave it alone.
XAUUSD: Leave it alone.
SPX500: Leave it alone.
GBPUSD: If you took this trade from the top, move your stop-loss to breakeven. If you don't have any short trade wait for bigger correction.
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.
