We are currently long on
NZDCAD
. The price action is testing major support zone and previous daily support zones. The closing of a hammer candle is a positive indicator of a reversal as well.
If the trend does reverse we will close nearing the completion of the pattern. There we will prepare a short on the confirmation of the trend change.
However, if we are wrong we are risking 3.6% on this pair, total. The Risk to Reward Ratio of 2:1
NZDCAD
. The price action is testing major support zone and previous daily support zones. The closing of a hammer candle is a positive indicator of a reversal as well. If the trend does reverse we will close nearing the completion of the pattern. There we will prepare a short on the confirmation of the trend change.
However, if we are wrong we are risking 3.6% on this pair, total. The Risk to Reward Ratio of 2:1