Price has been in a descending channel
. Price recently touched the roof of this channel and made a strong move to the downside. Usually, price retraces after making a strong move to the downside, so to find and entry, i will wait for price to break the recent support it has created at 116.508 to confirm that is will continue to the downside. This entry is a little bit late and it would've been nicer if I entered after it touched the roof. There was also a double top
created which is extra confirmation.