Breaking News: Indices, Stocks, USDX & YEN Market Analysis of August 7, 2023

Market Breaking News August 7 Update, 2023:

 

Medium and Short Term

Indices - H4 Higher 
USDX- H4 Lower  
YEN- H4 Higher
Commodities- H4 Higher
Cryptos- H4 Choppy and Higher

TRADING OPPORTUNITY

Buying  Indices (in the correction)
Buying  XAU and XAG (in the correction)
Buying Teck (in the correction)
Buying GDX/XLE (in the correction)
Selling USD (in the high correction)

WHAT WE DON´T DO IN THE MARKET UNTIL MORE DATA

Do not Buy USDX
Do not Sell Indices
Do not Sell Yen Pairs
 Do not Sell Precious Metals

 

RIGHT SIDE :

USDX 

Weekly- Lower
Daily-  Higher
4 Hour- Lower 

Indices 

Weekly- Bullish
Daily- Sideways to Higher or Higher
4 Hour- Higher

YEN Pairs

Weekly- Higher
Daily- Higher
4 Hour- Higher

WARNING

The best trade is when we have two or more alignments in a row. And the instrument has a bullish structure:

Exp: Instrument In ( Weekly, Daily, 4 Hour)Weekly- Right Side Down
Weekly- Right Side Down
Daily - Right Side Up
4 Hour- Right Side Up

We can buy in 4 Hour / in (3,7,11) swings when the correction is complete.

Never risk more than 2% capital per trade.
Indices and Stocks Lower, USDX  Higher, YEN Sideways to Higher.