Dear Steemians, welcome to Wave Analysis...
Today, we have 2 new trade setups. Then I will update the Hotlist.
It broke the up trendline and now it's making a correction. I have an entry order as you can see. Waiting for breakout and correction in order to take a short trade is also a good idea. My expectation is the breaking of the weekly bottom. But of course, I won't keep open my trade until that point in time. I will close it according to the structure.
EURUSD: A correction is in the making, just wait.
NZDUSD: It broke the trendline. I hope it will keep going up after correction.
USDCAD: At this point it is not clear what it is doing. I'm still waiting for a nice corrective structure to take another short trade.
AUDJPY: After sharp drop, I can say that the structure between yellow lines are regular flat and it will go down one more time. I hope it will make a correction here, so I can close my trade with a small loss. If it goes up fast, I won't closemy trade.
CHFJPY: I still believe it is making a correction, we will see.
USOIL: It keeps going down, leave it alone.
SPX500: I'm waiting for a small correction to take more short trade.
USDJPY: I replace my entry and stoploss according to structure.
GBPUSD: It's making a correction. I have an entry order now.
AUDUSD: There is no trade setup at this point.
EURAUD: There is no trade setup at this point.
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.
