December 17, 2024 6:59 PM

Market Update (H4/D/W/M) – USDX, Indices, Yen Pairs, and Cryptos up to December 20, 2024

Market Update (H4/D/W/M) – USDX, Indices, Yen Pairs, and Cryptos up to December 20, 2024

Market Outlook: USDX, Indices, Yen Pairs, and Cryptos (from December 13 to December 20, 2024)

 

Medium/Short Term(H4) Right Side:

  • USDX-  Turning Lower

  • INDICES -  Bullish

  • YEN Pairs-  Lower

  • CRYPTOS- 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)

  • Sell- USDX( in the up 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.