Market Update (H4/D/W/M) – USDX, Indices, Yen Pairs, and Cryptos (October 18, 2024)

Market Outlook: USDX, Indices, Yen Pairs, and Cryptos (through October 18, 2024)

 

Medium/Short Term(H4) Right Side:

 

• USDX- Sideways to Bearish

• INDICES -  Up & Bullish

• YEN Pairs-  Lower and Turning Down

• CRYPTOS- Turning Up

 

Daily/Weekly/Monthly Right Side:

 

INDICES

• Daily -     Bullish

• Weekly- Bullish

• Monthly- Bullish

 

USDX 

• Daily-     Bearish

• Weekly- Bullish

• Monthly- Bearish

 

YEN Pairs

• Daily-    Turning Lower

• Weekly- Bullish

• Monthly-  Bullish

 

Trading Opportunity:

 

• Long-Term- in Daily

• Buying- Indices (in the correction)

• Buying- XAU and XAG Bullish (in the correction)

• Buying- Teck (in the correction)

• Sell- USDX( in the correction)

 

What We Shouldn't Do in the Market Until More Data:

 

• Do not Sell Indices

• Do not Sell Yen Pairs

• Do not Sell Precious Metals

• Do not Buy USDX

 

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 ( H4,D,W)

• We can buy in H4 / in (3,7,11) swings when the correction is complete

• H4- right side up

• D- right side up

• W- right side down

Never risk more than 2% capital per trade and use Position Size Calculator to manage your capital and Risk Reward Calculator for calculating win loss ratio properly.