Here is a great example of how to apply common sense, the bigger picture and a market that has a defined trend or pattern.
Brazil or the EWZ exchange traded fund is presenting an opportunity for a longer term swing trade, maybe something to hold for 2 – 4 months if it plays out the way I anticipate.
The reason I put this trade out to the public forum is to demonstrate some of the items that are important in my technical and overall analysis, and how I approach a possible trade.
Members received a new trade alert on Friday before the market open. Currently we are in the money by about 1% depending on what your purchase price was.
Enjoy the video on Brazil.