PEPPERSTONE:NZDCAD   New Zealand Dollar vs Canadian Dollar
ok, so was neutral (with slight bias to long - pending breakout) on last post as we saw massive flipping of retail positioning into this resistance... however, that has all unwound again and i think we could be about to get direction now.. this looks to be the pattern.. as said before i was looking for a breakout either way but this now looks to be a more compelling setup lining up to downside with a possible bear flag (one of my favs). will take short on break.. retail positioning to the short side has also now largely unwound. sooooo watching with interest.
Penafian

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