Miners/Gold short idea
Given the resilience in USDJPY, I’m short miners. GDX as shown, is in a falling wedge pattern which will ultimately be bullish, but from lower levels(22.50 ish?), IMO.
Risk/Reward here is a 23.65 stop on the upside, with ultimately 22.50ish reward – basically 1:6.5 which is great. Gold has the same pattern playing out as GDX, so I wont post it.