TradingView
TechNerdOmar
Jan 16, 2022 9:33 AM

SPROTT Physical Uranium Trust. A Simple Short-Term Trade. Long

SPROTT PHYSICAL URANIUM TRTSX

Description

TSX:U.U is showing an ascending triangle on the hourly that spans the past eight trading days. This is a simple trade with the stop loss below the swing low and the target at the height of the triangle. Gives us a 6.83% potential profit to 3.1% potential loss, a reward-risk ratio of 2.22. Of course that depends on whether the triangle breaks upwards in the first place. If it does, we have a confirmation and the trade is on. I anticipate it going up because the Dollar is weakening and commodities are going up. Good luck with the trade.

Trade closed: stop reached

Obviously this one didn't work.
More