IvanLabrie
Long

GLD/GOLD. Interesting pair trade

We can enter longs in GLD             and shorts in GOLD             as a pair trade here, risking 1 monthly ATR on each leg.
For GOLD             that's 11.17% upside risk, and for GLD             6.43%. Risk 1% on each side and off you go.
I'd reccomend holding this one for an extended period of time until it approaches the 1.06 zone.
A drop in the ratio below 1.04 would make me doubt this setup.

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Cheers!

Ivan Labrie

Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.


Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance             on such information.
Comment: Ratio going up.
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