US100 - LONG OPPORTUNITY / BREAKOUT 🚀💰 för CAPITALCOM:US100 av Ryan-L

trendanalysis chartpattern fundamental us100 nasdaq breakout strategy longsetup scalping

US100 - LONG OPPORTUNITY / BREAKOUT

Fundamental: Nasdaq is currently up leading into earnings. Expecting continued growth and a lower PPI data result which will benefit the continued growth of the Nasdaq.

Technical Analysis: Market is currently ranging/consolidating on the shorter timeframe until PPI data drops. This is expected on big new releases.

Trend: Market is currently on a continued up-trend looking to make higher highs. Only long trades are valid.

Strategy: Waiting for PPI data to drop before entering for breakout trade on the 3/5 minute timeframe to the long side. Stop loss just below previous low within the range. Risking 1% of the account size.

Let me know if you agree and what your expectations are for the day. 🚀💰

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