Hello Traders,
I see a good bullish setup on the US100 and here is why:
*Fundamentally, the numbers still show a strong US market. Although the USD is strong especially the CPI and PPI numbers this week but we didn't see a sell off in the US Market.
I think the high inflation numbers gives a push up to the market.
- GDP Growth : (USD: 2.1% / Previous: 2.4%)
- Unemployment: (USD: 3.8% / Previous: 3.5%)
- Inflation: (USD: 3.7% / Previous: 3.2%)
- Interest Rate: (USD: 5.50% / Previous: 5.50%)
*Technically, the price broke up the consolidation triangle after the strong push last month, it made a small pullback which gives a good entry for me.
*Historically, September is a down month for Nasdaq. This keeps me a bit cautious and trade with a smaller lot size than usual.
Trade Safe!
I see a good bullish setup on the US100 and here is why:
*Fundamentally, the numbers still show a strong US market. Although the USD is strong especially the CPI and PPI numbers this week but we didn't see a sell off in the US Market.
I think the high inflation numbers gives a push up to the market.
- GDP Growth : (USD: 2.1% / Previous: 2.4%)
- Unemployment: (USD: 3.8% / Previous: 3.5%)
- Inflation: (USD: 3.7% / Previous: 3.2%)
- Interest Rate: (USD: 5.50% / Previous: 5.50%)
*Technically, the price broke up the consolidation triangle after the strong push last month, it made a small pullback which gives a good entry for me.
*Historically, September is a down month for Nasdaq. This keeps me a bit cautious and trade with a smaller lot size than usual.
Trade Safe!
Trade closed: stop reached
The price dropped like a waterfall.it is good that the stop loss was tight with a small lot size.
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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.
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.