failathon
Long

NZDUSD - Hard trade, but good pay off potentially

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
74 0 6
Extended "V" bottom on 4hr, with pennant more visible on 30min
See http://thepatternsite.com/extendvtopbot.html for pattern details

Risk of false breakouts always possible

So looking at >0.78000 for long to at least 0.80
or <0.774 for short

I could be biased but I always prefer longs for pennants