Using Canadian ETF's there is a good setup for a high risk/reward ratio based on Gold price changing up or down.
If it stays the same, you loose.
Assuming Gold goes up to HBU above 10.45 buy the HBU, If it goes down below 10.11, buy the HBD
If you bought HBU, target is 12.45, with a stop loss of 10.11 for a Reward / Risk ratio of above 4.
If HBU falls below 10.11
Then flip and buy HBD (prolly about 19.73)
Target 21.39
SL 18.94 For a Risk Reward of about 2
If it stays the same, you loose.
Assuming Gold goes up to HBU above 10.45 buy the HBU, If it goes down below 10.11, buy the HBD
If you bought HBU, target is 12.45, with a stop loss of 10.11 for a Reward / Risk ratio of above 4.
If HBU falls below 10.11
Then flip and buy HBD (prolly about 19.73)
Target 21.39
SL 18.94 For a Risk Reward of about 2