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.
