NZD.USD - Bear Trap Possible, Larger Sell-Off Required

Updated
Currency Pair: NZD.USD
Time Frame: Weekly, Daily & 4hr
Predicted Direction: Short

NZD.USD updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Note
This setup is now off my trade watch list for this week given that my indicators don't align, this for me invalidates the trade setup.
Chart PatternshallandcotradingTechnical IndicatorsNZDUSDtomhalltomhallforexTrend Analysis

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