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NZDCAD SHORT SETUP RR 1:2.5

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NZD/CAD (OANDA:NZDCAD)  
Forex48_TradingAcademy  
OANDA:NZDCAD   NZD/CAD
Trend Analysis Chart Patterns Fundamental Analysis short NZDCAD priceaction signals service Forex strategy setup
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trendanalysis chartpattern fundamental short nzdcad priceaction signals service forex strategy setup
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.

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