Dear Steemians, welcome to Wave Analysis...
Today, we have 3 new trade setups. Then I will update the Hotlist.
CADJPY has very good potential for downside. It can make either the C wave inside of correction or down impulse as the 5th wave. That's why I want to sell it. I just took the trade after the breakout. Stop-loss is 85.400 and the minimum target is 84.250.
I'm expecting very nice up move in platinum. You can see my higher degree expectation in the followed chart, but it is almost impossible to explain by drawing because there are a lot of options. So, if you want to see detailed analysis, please watch today's analysis video. The last down move has 5 waves already and the 5th wave looks like a reversal pattern. That's why I have put an entry order as you can see. The stop-loss is not certain. If the price goes deeper levels I will rearrange the entry price, stop-loss and lot size according to new bottoms.
I was ready to buy more Bitcoin and I bought some already. There is still chance for more down move to create a regular flat. But cryptocurrencies love to make contracting flats. That's why I bought. We will see. Up move will be the 5th wave. Its potential will be limited, but it can also be an extended 5. You can see my long-term forecast for Bitcoin. If you want to see more details of my analysis you can watch today's video analysis.
USDJPY: I'm waiting for a bigger correction to take another long trade.
AUDJPY: I still believe the down move is correction. That's why I'm waiting for next up impulse. I removed the target, because I'm not expecting daily X wave anymore. I think the up move will be much bigger.
EURNZD: Leave it alone.
GBPCHF: The structure between yellow lines can be correction but I don't think this will be the case. I'm waiting for a correction to take one more short trade.
XAUUSD: Leave it alone until it makes a big correction. Then we can move the stop-loss to breakeven and take another short trade.
SPX500: I have placed another entry order. Its stop-loss is the same price as the active trade
GBPUSD: If the down move is the C wave inside of daily X wave, the corrective structure should be about the end. So, if you have any short trade you should consider to close it. I believe moving stop-loss to the closer to spot price would be a better idea.
EURGBP: I hope it will come down one more time, than I will take a long trade.
USOIL: Stop at breakeven has been reached.
NZDCAD: It broke the previous bottom, so there is no trade setup anymore.
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.
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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.
