NZDUSD Bearish Butterfly Completion with Potential Double Top

A little late on this one but is absolutely ok to trade it as it is.. In fact we have a much safer trade the way the structure is formed. We have a bearish butterfly completion but price retraced after a while and now is about to form a double top. So we can wait for a breakout as shown in the chart something that will confirm the sell off of price.

A small divergence with MACD adds to our concept.

Trade closed: target reached:

I closed this trade just a few pips away from my first target. Stoploss to breakeven at the second one for risk free 2nd trade..

Trade closed: target reached:

Second target reached