Price contained nicely within this bearish price channel.
Looked into h4 and a double top ( almost) was in the process. My conviction to short was due to previous day of bearish engulfing, that ate up the previous day which was a bullish expansion day. Hence on today’s open I shorted with in mind to put my SL above the Double Top. I did not trade full size as I was conserving that if price should retrace higher I will add more.
Successfully took profit with the correct identification of this down swing.
What I did right : ED channel and nice observation of pivoting top.