Long

YRI : Long Setup

Updated
There are 3 reasons why I chose YRI Stock :

  • I am looking forward to a downward movement in USDCAD . (More explanation on Related Ideas.)

  • I also follow up the stocks related to the precious metal sector traded in the S&P 500 Index .
    I think that precious metals are discounted according to the World indices.This is the most important reason. (More explanation on Related
    Ideas.)

  • Technically, this chart is suitable for long position too.


Parameters
Position Size : I recommend a small portfolio weight just in case.
Risk/Reward Ratio : 1/3.49
Stop-Loss : 4.16
Goal : 6.36
Note
A closing at these levels is very important, I don't know what time the Canadian stock markets are closing but we are going well :)
Trade active
Trade closed manually
Trade manually closed with %32.2 net profit!
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