Dear Steemians, welcome to Wave Analysis...
Today, we have 3 new trade setups. Then I will update the Hotlist.
GBPUSD has come down very sharply and broke down trendline. No need to rush in order to take any short trade. Wait for a correction, then sell it.
GBPJPY has a great potential for downside just like GBPUSD . Shart down move can be starting of the new weekly impulse, but it is still in the corrective structure. A small flag, what I'm waiting for, then I will take a short trade.
I believe oil has great potential for upside. But first, it should go down in order to complete daily corrective structure. There isn't any divergence in up move. So, it can keep going up, and break previous top. This scenario won't change my expectation, but I will start to look at running or expanding flat instead of regular flat. In any case, I'm expecting a nice drop. I hope it starts now. I have an entry order and I didn't set any target yet.
USDCAD:A correction is in the making. Wait for more short trades.
XAUUSD:Wait for a correction before sell it.
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.
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.
