NZDCAD SHORT SETUP RR 1:2.5

2023年5月29日

On NZDCAD, the price declined to the 0.8220 area, forming a bearish setup according to the guidelines of the Forex48 strategy. Therefore, the objective is to wait for a retracement to the 0.8240 area and then enter a short position with a target of 0.82 and a risk-to-reward ratio of 1:2.5.

Let me know your thoughts.

Happy trading to everyone.