Daily Forex Analysis with Elliott Wave (03.14.2018) - USOIL, SPX500
Dear Steemians, welcome to Wave Analysis.
Today, I like to share with you 2 new trade setups. After that, Hotlist items need to be updated. If you wish to see more details about new trade setups and the updates, you can watch today's video and you can visit the published idea pages by clicking on the name of the assets.
New Trade Setups
USOIL
I'm expecting an up move (C wave), which will be the completion of corrective structure for more downside. That's why I'm waiting for a correction to take any long trade. I think there is some potential for more downside inside of B wave. That's why if you take the trade, move your stop-loss to breakeven as quickly as possible and leave it alone in order to see its potential.
SPX500
My long-term forecast on SP500 is huge drop as the monthly 4th wave. That's why I can't miss any chance of taking short trades. This is one of these aggressive entries. I have a pending order below the previous bottom and waiting for a correction at the same time. I hope it makes a correction, so I can find a better entry, otherwise, my pending order will be triggered, if it goes down.
Hotlist Items
Active Trades
AUDUSD: No need to take any action.
EURUSD: No need to take any action.
USDCAD: Stoploss at breakeven, keep trade on.
CHFJPY: No need to take any action.
EURAUD: No need to take any action.
Pending Orders
GBPAUD: Short order at 0.886 retracement (1.79520).
Waiting for Trigger
Removed from the List
XPDUSD: Stopped out with some nice profit.
Analysis Videos of Hotlist Items
If you like to see the analysis of Hotlist items besides the updates, video links are:
02.26.2018 - GBPAUD
02.28.2018 - XPDUSD
03.02.2018 - USDCAD
03.05.2018 - AUDUSD
03.07.2018 - EURAUD
03.08.2018 - EURUSD, CHFJPY
03.13.2018- XAUUSD
I appreciate that if you leave a comment and let me know what do you think about these trades. Also, please don't forget to upvote if you liked this post and follow me for new ones.
Until next time, trade with care.
Don't invest 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.