Lanmar
Long

NZDCAD multi year break out

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Simplicity is a beautiful thing.

Haven't posted much on NZDCAD             . I tried going long at a much better price but got stopped out. I am going long again.

Last calls on NZDCAD            
BEAUTIFUL OPPORUNITY IN NZDCAD


Long NZDCAD
There is a resistance in 1996 + 1997 , if your not all charts showing this becareful from the long trade , there is very huge reverse is coming very soon
+1 Reply
I think it's a trap , when all of you going long it will go short , just take a look on that resistance and let me know what is your opinion after .
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Lanmar PRO MoeHelou
Please send me the chart showing 1996 / 1997 data. I would appreciate it. This is an extremely bullish set-up by all measures. So regardless of the 1997 resistance I will go long, however, 97' data may influence my target price. Thanks
Reply
MoeHelou Lanmar
https://www.dropbox.com/s/35uv1mu2bf0zyle/Untitled.png?dl=0
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Lanmar PRO MoeHelou
Thank you for the link. Good spotting and good judgement.
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I agree with your chart.

Here is my chart backing your analysis, and as you are also, I'm 150 pips in profit, and they are trapped short. if you have the time and like comedy, read the comments.

NZDCAD Not expecting price to go much lower
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Ha funny thread you got going there. The irony is the price action of 96' 97' makes me even more bullish. Major breakouts are usually faced with major historical levels (i.e., 97' high). Cheers, TAS
Reply
TAS Lanmar
thanks Lanmar, glad at least this waste of time produces some smiles. Same here, it has hit so many times that resistance that it will break. Ride it, thanks. Cheers.
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