Dear Steemians, welcome to Wave Analysis... Today, we have 1 new trade setup. Then I will update the Hotlist.
New Trade Setups
EURUSD
After the sharp fall, EURUSD is making a correction. I hope it will go up one more time and create better corrective structure, so I can find a better entry. I have put an entry order under the previous bottom. If it falls, I will be in the trade. Target is not clear yet. Down move can be weekly correction or weekly down impulse. It's too early to say.
Updating of Hotlist Items
Active Trades
USDCAD: A correction is in the making. Wait for more short trades.
CHFJPY:It broke the trenlines and made a correction. Wait for another break out for more long trades.
USOIL: Just wait.
SPX500: I wasn't expecting such a sharp drop. I decided to not close my trade.
DOW JONES: Wait for a correction and close the trade. If it goes up fast, keep it on. There is still chance for one more up impulse.
Waiting for Correction or Breakout
GBPUSD: Wait for a correction and take short trade.
GBPJPY: Wait for breakout, small correction and take a short trade.
XAUUSD: Wait for a correction before sell it.
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.