Hello friends.
We think that this is a good time to put money into Brazil.
The factors that make Brazil appear bullish are the rate cuts, crashing local inflation, and emerging bullish trend in price. We also like that the price has formed what looks like an impulsive wave structure.
Our trading plan is to purchase some EWZ at the market open on Monday, and hold it for 1-3 months from there. It's a swing trade.
We think that this is a good time to put money into Brazil.
The factors that make Brazil appear bullish are the rate cuts, crashing local inflation, and emerging bullish trend in price. We also like that the price has formed what looks like an impulsive wave structure.
Our trading plan is to purchase some EWZ at the market open on Monday, and hold it for 1-3 months from there. It's a swing trade.