The following trade was taken earlier this morning for a sell position on the 15mim TF.
I trapped price in a mini area of consolidation (highlighted box) & anticipated for a break and close of the candle outside of the box. I also drew a mini trend line to see if it breaks the structure, which it did! This also allows for a tighter stop loss with a higher R:R
I trapped price in a mini area of consolidation (highlighted box) & anticipated for a break and close of the candle outside of the box. I also drew a mini trend line to see if it breaks the structure, which it did! This also allows for a tighter stop loss with a higher R:R