NFTRH+; EZU Short Setup & Parameters

This one is cut and dry technically.  Europe has been bouncing as expected and is apparently overjoyed about some Ukraine-Russia talks.  Backing out the hype what we have here is a hard down in an ETF that lost its uptrend and the 50/200 day moving averages.  It is now bouncing right back to them.

The good thing about the trade is as usual, not its ability to make a profit, which is yet to be determined.  But the setup and the stop (loss limitation) parameter, which are clear.


Sell/Short Target:  Current level up to 40.70

Price Target:  TBD, but below the August low

Stop Loss:  As suits risk tolerance above the moving averages/red resistance line or 41

I remind you that NFTRH+ updates are just trade setup ideas, which may not be revisited as the parameters are already noted.  They are meant as a starting point for further research if interested.