Step 1. Identify the prevailing trend (in this case I think NZD CAD is headed lower) Step 2. Try and put price into some sort of range (in terms of outer and lower limits) - Areas that wicks might get to. Step 3. Look for opportunities where we can sell a rally but not be too aggressive. Step 4. Find some confluence zones with Fib levels, Moving Averages and Trend Line resistance. Step 5. Put our entries in.
In this case I am looking to sell a rally:
Entry 0.82832 TP : 0.82546 Stop: >0.83023
I usually aim for a 1.5 RRR and have a win rate hovering around 50-51%.