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 :)
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