Daily Forex Analysis with Elliott Wave (03.29.2018)

Dear Steemians, welcome to Wave Analysis...
Today, we don't have any new trade setup, but the Hotlist needs to be updated.

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Updating of Hotlist Items

Active Trades

EURUSD: Just wait.

USDCAD: Wait for breakout and take more short trade.

CHFJPY: It suppose to go up quickly after breakout, but there is no momentum so far. I decided to to do, but closing this trade can be good idea.

USOIL: It looks like 4th wave is in the making. Wait for 5th wave.

SPX500: I believe it's making a correction, but the pattern is not clear. I'm waiting for a new short trade setup.

DOW JONES: There is a chance for upside for the completion of correction. It it makes that up move, long trade should be closed or stop loss should be moved to break even.

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Waiting for Correction or Breakout

GBPUSD: Wait for a correction and take short trade.

GBPJPY: Wait for a correction and take short trade. No need to rush, because the structure between green lines can be a running flat for more upside.

XAUUSD: Wait for a correction before sell it.

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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.

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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.