Tom_Killick
Short

#NZDCAD: Bears Strong, Downside Expected! #Forex

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
86 1 7
NZDCAD             looking EXTREMELY bearish after yesterdays compelling shooting star candle. Not only did the bull rally of the day get negated, but the candle actually closed BELOW the open! This is very bearish in itself. We can look for a reliable short off of this level to either the sideways support outlined on the chart. If we break beyond that this could easily be a new bearish impulse leg.

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its very close to the trend line. Do you expect a bear breakout? what do you recommend a sell stop under trend line?
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