Forex Trading Setups (05.11.2018) - Hotlist Update

Dear Steemians, welcome to Wave Analysis...
Today, we don't have any new trade setup, but the Hotlist needs to be updated.

You can see the charts and brief explanations down below. But if you like to have more details please visit the published idea pages on Tradingview by clicking the name of the assets and watch today's analysis video on DTube by clicking the following image.

Updating of Hotlist Items

Active Trades

USDCAD: I hope it will make a correction very soon, so we can take the second short trade.

USDJPY: I'm waiting for a bigger correction to take another long trade.

EURGBP: I'm waiting for the completion of the correction, then I will take another long trade. These are wild drawing, the pattern is not clear yet.

GBPCHF: It looks like a correction is in the making for more down side. As long as it stays below the trend line my expectation will remain down move.

CHFJPY: If you have placed an entry order to 0.618 retracement level like I suggested yesterday, your trade should be active. If you didn't, it broke the trendline, now it's time to wait for a correction, then you can take a long trade.

XAUUSD: Both directions are very possible, just leave it alone. My stop-loss at the breakeven.

XAGUSD: Leave it alone.

XPTUSD: Wait for a correction to take a long trade.

Pending Orders

XPDUSD: I'm still moving the stop-loss according to new tops. But because of the distance between entry and stop-loss, I will wait for reversal impulse and a correction to take any short trade. This will give me much better risk/reward ratio.

Waiting for Correction or Breakout

GER30: The momentum of upside is diying out. Wait for a correction above the trendline or after breakout and 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.

I appreciate that if you leave a comment and let me know what do you think about this post. If you find this content useful, don't forget upvote and resteem, also please follow me for more.

Until next time, trade with care.

Web Page: https://waveanalysis.net/
Tradingview: https://www.tradingview.com/u/WaveAnalysis/
Facebook: https://www.facebook.com/WaveAnalysis/
Twitter: https://twitter.com/WaveAnalysiss/
Stocktwits: https://stocktwits.com/WaveAnalysis/

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.