November 05, 2024 4:1 PM

Market Update (H4/D/W/M) – USDX, Indices, Yen Pairs, and Cryptos up to November 8, 2024

Market Update (H4/D/W/M) – USDX, Indices, Yen Pairs, and Cryptos up to November 8, 2024

Market Outlook: USDX, Indices, Yen Pairs, and Cryptos ( up to  November 8, 2024)

 

Medium/Short Term(H4) Right Side:

 

  • USDX- Turning higher

  • 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)

  • 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.