NZDCAD Short

NZD has been hitting some strength for a little while and is overdue to come down some point in the near future on the momentum meter, meanwhile CAD looks to be wanting to gain some strength. We are looking for a strong confirmation on a daily candlestick and then selling a retracement back to that level after we see that candlestick before taking the trade.

R:R = 1:4:8

GL.