NZD has been bullish for a while and started a correction last week. this week, and on the 4hr timefame in particular we can see resistance of the 200ma - looking back in time there was one good test, but not a close below of the ma. this 200ma was just breached. provided this 4hr candle closes below the 200ma, this should be a good short - target the ab-cd extension / completion of the flag pattern, with stops above said flag.
let me know what you think cheers
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nice little break of the flag as visible on the hourly chart here
place (additional) short orders for retest of the bottom of flag