Dear Steemians, welcome...
Today, I have 2 new trade setup to share with you and then I will update the Hotlist. If you wish to see more details about the trade setups and the updates, you can watch today's video and you can visit the Tradingview published idea page of an asset by clicking on the name of it.
New Trade Setups
GBPUSD
I'm waiting for a huge drop in GBPUSD for a long time. Now, it can be the time for the next weekly down impulse. But still, it's too early to say.
There 3 options as I can see and 3 different targets.
(1) Down move can be X wave. In this case, 1.35 should be the target.
(2) Down move can be the bigger corrective structure for more upside.
(3) Down move can be the weekly down impulse. In this case, the target should be any price blow 1.0520, which is all time low.
At this point, I'm waiting for a correction. When it makes one, I will put an entry order down below the last bottom.
Dow Jones
There is a potential Gartley Pattern. I believe the target shouldn't be 0.382 or 0.618 retracement of down move. Because there is a chance for one more up impulse in order to create a regular flat correction. After that, I believe that I will fall like a rock.
Hotlist Items
Active Trades
USDCAD It looks like a correction is in the making. I'm waiting for more trade setups.
NATGAS: Stop loss at the break even. It's going down verly slowly. I'm just wait.
SPX500: I closed the half of my trade yesterday. If it makes an expanding flat, it should go up, or it can make a correction. In this case I will take another short trade.
BTCUSD: It looks like X wave (blue) is in the making. I think small drop is correction. I hope it won't stop me out, before it goes up. Let's wait and see.
Pending Orders
CHFJPY: I took off the entry order, which I put yesterday, because it broke the bottom. Now, I have new one.
Analysis Videos of Hotlist Items
If you like to see the analysis of Hotlist items besides the updates, video links are:
SPX500
NATGAS, BTCUSD
USDCAD, CHFJPY
I appreciate that if you leave a comment and let me know what do you think about these trades. If you find this content useful, please don't forget upvote and resteem, and please consider following me for more.
Until next time, trade with care.
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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.
Your analysis is good, I like it.
Thank you.