Apple22
Long

NZDCAD weekly HEad and shoulder

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
66 3 4
NZDCAD             weekly Head and shoulder
MoeHelou
2 months ago
Hej , the price is facing huge resistance for 1996 + 1997 , if you don't have the full chart tell me i can attach it here ,
Second , H&S usually we trade it when the end of the trend to make reverse , very unlikely the price to go up , specially Oil is going up , and CAD very sensitive for Oil price , so if you earnd good money from the GBP you can try to take long here at list you will lose your profits not your deposit .
Reply
Apple22 MoeHelou
2 months ago
Thank you for your suggestion HOWEVER, I disagree.
This is weekly chart there is NO long at the MOMENT. JUST recognizing a Pattern.
Long position will happen in lower time frame
this is a bullish market a little of zig zag here and there but eventually higher price is well expected.
Good Luck u
Reply
MoeHelou Apple22
2 months ago
Man the H&S should be after long trend to reverse the trend , sometimes it comes at the top of trend but most of time it will not continue , specially here we have resistance for 96 + 97
+1 Reply
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