Daily Forex Analysis with Elliott Wave (04.30.2018) - Hotlist Update
Dear Steemians, welcome to Wave Analysis...
Today, we don't have any new trade setup, but the Hotlist needs to be updated.
Updating of Hotlist Items
Active Trades
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.
EURNZD: It broke the bottom and reverse. I'm not worry about my trade because I think a correction is in the making.
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.
USOIL: The structure between aqua lines can be a correction. But the stop-loss at almost breakeven. So, I'm not worry about losing money. I hope it will make a flag and keep going down.
SPX500: Leave it alone.
Pending Orders
Waiting for Correction or Breakout
GBPUSD: Still waiting for a nice correction. Those who have this trade don't do anything until it breaks the trendline and makes a correction. Then closing the trade can be good idea.
EURGBP: Wait for a flag and take the long trade.
Removed from the Hotlist
GBPAUD: I'm waiting for a big correction to sell it, but it takes some time. So, no need to look at every day. If you still have this trade please move your stop-loss to breakeven or close your trade if the profit good enough for you.
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.