Trade Idea- Intraday Short on NZDUSD
Anticipating a nice intraday short on NZD USD. Confirmed Double Top Market Structure with a nice bearish engulfing candle stick pattern as first 2 confirmations. Break through and close below 1hr ascending trend line as a third confirmation. RSI also indicates overbought, seeing bearish divergence on the pair as well for 4th and 5th confirmations. Would like to see a little more strength to this setup with confirmation from breakthrough and close below 38.2 Fib level. Extra confirmed if it breaks through and closes below zone around .67711. Nice 7-8 confirmations would be a strong entry for me. To sweeten the deal, I would also like to see ADX confirm a strong bearish trend forming above 20/25.
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