Daily Forex Analysis with Elliott Wave (03.08.2018) - EURUSD, CHFJPY
Dear Steamians.
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 assests.
New Trade Setups
EURUSD
I took a short trade already. It turns against me. My idea here still take short trades. Putting an entry order below previous bottom can be good idea.
CHFJPY
I have an entry order 112.600 and stoploss at 112 and I'm expecting a very big up impulse. After up impulse, it create very nice looking corrective structure and down move broke the previous bottom, so we have completed regular flat now. That's why I start to look at reversal.
Hotlist Items
Active Trades
AUDUSD: No need to take any action.
USDCAD: Move stoploss to breakeven. Leave it alone
GBPJPY: I'm waiting for deeper correction, then I will remove my trade.
XPDUSD: Second trade's stoploss at breakeven.
SPX500: Nothing to do, just wait.
Pending Orders
GBPAUD: Short order at 0.886 retracement (1.79480).
EURAUD: Entry order 1.58300, stoploss at 1,59850
Waiting for Trigger
Removed from the List
**EURCHF - Short It went up very sharp and change the structure.
Analysis Videos of Hotlist Items
If you like to see the analysis of Hotlist items besides the updates, video links are:
02.26.2018: GBPJPY, GBPAUD
02.27.2018: SPX500
02.28.2018: XPDUSD
03.02.2018: USDCAD
03.05.2018: AUDUSD, EURAUD, EURCHF
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 on weekdays.
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.