Lower lows and lower highs formed on the 15 min time frame after the inflation date has come out that spooked the market. Momentum seems to be shifting to the short side opening a possibility for short to the low of the last couple of days.
The current macro environment should be positive for gold as it is known as a risk-off asset. After correction gold is now signalling signs of streangh by showing higher lows and higher highs in fractals on the daily and hourly chart. Momentum indicators on the hourly are showing bulls are taking control and the pull back from the Bollinger band provides a good...
The macro framework is that the US is going on to rates hicking cycle and ECB is still easing. Looking for a short entry and currently, the EURUSD is at the top end of the Bollinger band and the hourly show increase in momentum in the short side and lower lows and lower highs on fractals.
Currently, BTCUSD is setting up a continuation of a short trend. Currently is following the index futures with low momentum. Once the momentum shifts and the risk to reward is more suitable a short position would make a good probability play
Due to the possibility of a higher possibility of a Fed rate hick the prospects for a technology stock with a lot of debt on the books is falling. OANDA:NAS100USD
