Looking at a short opportunity on EURJPY. Price has been on a bullish move for a few weeks.
Criteria for entering a short position
1. Price reached the 1.618 D Extension and formed a double top just above the extension.
2. Price broke the inner trendline
3. Price broke the outer trendline on the 15 min TF.
Criteria for entering a short position
1. Price reached the 1.618 D Extension and formed a double top just above the extension.
2. Price broke the inner trendline
3. Price broke the outer trendline on the 15 min TF.