TheForexSamurai

M15/H1 - An opportunity to short with differenct confluences...

Kort
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
I got an opportunity to short as market did complete a potential bearish Bat pattern together on the Bat PRZ price giving me an ideal double top with the DT and DT NL showing a strong area of support and resistance on the Daily (D1) timeframe. I could aggressively short and stops just above the potential D top as just above the pattern's X point. Or short on a candle LLLC on the DT NL if we still got a valid DT or wait for a retracement for a potential 2618 trade setup (much more of a conservative and confirmed way). There's a formation of a bearish divergence as well by which market did already react, giving me that DT NL price as market gave a relief forming now a possible valid and ideal double top. Trade with care.

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