EWZ….Brazil…Risk Parameters

The average entry ( Buy…Go Long Brazil) was app 56.60.. Many got in around 56.20 when the trade recommendation went out.

The original stop was 55.40 intra-day…

Raise your stop level to your “entry level” on a “closing basis.” If it closes below your entry level exit the trade.

Overall, late day price action will again be key to determine whether yesterdays highs were just a natural reaction off major technical levels in the Euro, Aussie, Oil and SPU/BONDS or if there is more downside to go.

 

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