Breaking News: Market Analysis of Indices, Stocks, USDX, and YEN for August 21, 2023
Market Breaking News August 21 Update, 2023:
Medium and Short Term
USDX- H4 Lower
Indices- H4 Higher
YEN- H4 Higher
Commodities- H4 Higher
Cryptos- H4 Choppy and Higher
TRADING OPPORTUNITY
Buying Indices (in the correction)
Buying Yen Pairs (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- Lower
4 Hour- Lower
Indices
Weekly- Higher
Daily- Sideway to Higher
4 Hour- Higher
YEN Pairs
Weekly- Higher
Daily- Sideways to 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.