This is a Gold-related asset, based on Gold mining companies. I am bullish on Gold in the coming months but Gold mining companies may have more room to move if compared to gold.
Hence I am using this trade in my first foray into actual holding of stocks with certificate.
I am employing the strategy of buying and holding, value investing, as opposed to my usual trading methods.
I will be setting aside a certain amount for no leverage investment.
Here price seems to be at historic low, with a bull flag emerging. Price could be at pt4.
From h4 perspective, since this is a buy n hold trade, perhaps I should not be overly concern with trigger and just try to buy as low as possible
But as with all self respecting traders, a h1 trigger could be used in this trade.
Pending a 3 day bear trap may do this trade a bit of good. But too see real traction, perhaps a larger chart pattern may be required to push off from this potential right shoulder.