Dear Steemians, welcome to Wave Analysis...
Today, we have 1 new trade setup. Then I will update the Hotlist.
Another GBP pair is forming a very promising short trade setup. I had an entry order, but now my trade is active. I hope it will keep going down. I have put that entry order because I want to be in the trade if it falls like a rock. But waiting for a small correction after breakout would be a safer entry.
USDJPY: Just leave it alone.
AUDJPY: I think it's making a correction for more upside. Leave it alone.
CADJPY: The structure between yellow lines can be correction. So, it can make one more up move and target can be 0.500 retracement of 3th wave. If it breakes up the yellow line I will wait for a correction then I will close the trade manually. Otherwise, I'm not tuching it.
GBPAUD: Sofar, it doing perfect. 6% profit already.
SPX500: Still waiting for down move, and I don't care any long trade setup.
XAUUSD: I'm waiting for breaking green trendline. Then I will take short trade after 15m flag.
GBPUSD: It looks like a correction is in the making. I'm waiting for a clean structure to take short trade. I hope won't just keep going down.
GBPNZD: Like GBPUSD, it looks like a correction is in the making. I'm waiting for a clean structure to take short trade. I hope won't just keep going down.
NATGAS: It broke the trendline. Wait for a correction before selling it.
USDCAD: Trade closed with 5% profit.
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.
