this time I mapped NZDCAD with a risk reward ratio of 1:6.5 if it is in full accordance with the farthest target.
the assumption is that if you risk 2% of the capital, then when the price reaches target 1, you have saved 1:3 if it is according to the plan, the farthest target saves profit is 12% of the capital.
this analysis is not an invitation ......
As mentioned on last Wednesday Facebook Live session that we are in a Harmonic Patterns Season. Right after the bearish shark pattern run of 252pips, we are waiting to catch to reversal or pull back at 136.26 for a buying opportunity.
I will personally look closely on this setup as I may have a plan for target extension for this trade.