Intraday Speculative Trade Macro Outlook: 29th June 2023 1) Fed expected to remain more hawkish ( Bostic, A Dove, feels this is only the beginning of tightening 2) US GDP Final (Q1) 2.0% vs 1.4% (Expected) & GDP Sales Q1(4.2%) vs 3.5% (Expected) 3.4% (Previous)
Technical Confluences 1. Multiple Order Flow from Supply to Supply 2. Inflation Fears from Yesterday's data amplified the hawkish Fed outlook 3. Flip from short-term demand to supply on 1 Min timeframe 4. EMA 51 Retest which is an additional confluence 5. Target of 1:6 at 1.0854 reached 6. Entry at 1.08678