DislikedRosco,
I like the way you laid out the multiple points of confluence for this trade. You may be 100% correct that a short is a good move here, but I want to give you a few things to think about.
First, if you zoom way out on the daily the pair has been in a sideways chop.
The chop is located around the 1.30 which would be right below your entry. I understand that you are including a round number of 1.3150 in your analysis, but the 1.30 IMO cannot be ignored. Look how price dances around it on both sides.
Also the trend line that...Ignored
Where ya been buddy ?
Mike