On the weekly, the candle formed this week seems a bit indecisive. However, the daily chart tells a different story!
It completed the pullback test and the wick candle formed on Friday marked the first try to go up within the week.
As long as my major defense zone holds, the MA crossover is inevitable next week which will support the index to higher. So, what can we get from this conclusion:
1. Forex setups in favor of USD
2. Short setups of commodities which tend to have negative correlations with the index.
It completed the pullback test and the wick candle formed on Friday marked the first try to go up within the week.
As long as my major defense zone holds, the MA crossover is inevitable next week which will support the index to higher. So, what can we get from this conclusion:
1. Forex setups in favor of USD
2. Short setups of commodities which tend to have negative correlations with the index.
Note
Okie. Higher high is created.
plan your trade and trade your plan
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
plan your trade and trade your plan
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.