My first take-profit order on $EWZ (+2,09 %) was triggered today as the price reached my predefined Fibonacci target.
Brazilian equities have been receiving strong support from growing market optimism surrounding the presidential election and expectations of a more market-friendly economic environment. These developments have contributed to the recent strength in Brazilian assets and $EWZ (+2,09 %)
By securing partial profits at predefined Fibonacci levels, I remove emotions from the process and stay disciplined regardless of market sentiment.
#trading
#long
#tradingstrategy
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#brazil
#fibonacci
#mikeupegui
