Dear Steemians, welcome to Wave Analysis.
Today, we have 2 new trade setups (Bitcoin and Natural Gas) and we need to 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 published idea pages by clicking on the name of the assets.
I'm looking for a short trade. As you can see It broke the correction and another correction is in the making. I put an entry order below the previous bottom and stop loss above the previous top. I will re-arrange my stop loss accordingly if it makes a new top.
As you can see, we have a breakout after ABC structure and it looks like a correction is in the making. I put an entry order above the top. If your exchange let you, it can be a good idea. There is a possibility for same size correction and one down as wave Z, but noo need to worry about it at this point. In order to see my multi-timeframe analysis you can check my blog post.
EURUSD: Wait for a correction, close the trade, put a short order below the previous bottom
EURAUD: No need to take any action, it probably will be stopped out
XAUUSD: Take off the of the trade and move stop loss to breakeven.
SPX500: Take off the of the trade and move stop loss to breakeven.
AUDUSD: Stopped out.
If you like to see the analysis of Hotlist items besides the updates, video links are:
03.07.2018 - EURAUD
03.08.2018 - EURUSD
03.13.2018 - XAUUSD
03.13.2018 - SPX500, USOIL
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.
