Short the bearish flag on NZDUSD

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Oct 1, 2014 2:22 PM

Entry is at 38.2% Fib retracement level, but it is an 'ideal' level. If price fails to reach the entry, look to Stochs for a crossover to short. 0.7549 is the initial target, second target = (break out price - 0.03197)

Bearish Flag