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NZDUSD Looking Bearish

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Dollar New Zealand / Dollar AS (FX:NZDUSD)  
Xpressforex  
FX:NZDUSD   Dollar New Zealand / Dollar AS
Trend Analysis Chart Patterns Technical Indicators NZDUSD nzdusdshort short SELL sellsignal sellsetup
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trendanalysis chartpattern indicator nzdusd nzdusdshort short sell sellsignal sellsetup
Looking at NZDUSD for the coming week, looking at the chart pattern i'm expecting price to retrace to the support zone and following the hour trendline. The stochastic indicator is also showing the market is over bought, suggesting a drop.

With a 1:2 risk to reward ratio, looks to be a nice profitable, bearish setup. What do you think?
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