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I don't beat around the bush. This is a bad news response.
The light flashing is because the vehicle can;t read the keys and is in a anti-theft no start state. In order to have that turned off, you will need to get a locksmith or pop-a-lock that has a Ford IDS tool to reset and reprogram the vehicle for your keys or have Ford do it and have the PATS system scanned to see what has failed to not allow the keys to be seen. It could be something as simple as power loss from a low battery that needs to be replaced to a more advanced repair of needing to replace the sensor for the keys to be read. The sensors do go out and thie only way to repair them and have them working again is using the Ford IDS scan tool.
I wish there was a better way, but there just isn't in this case. I know what it is like for I have been on that road myself several times with my own Ford vehicle.
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