Here's a breakdown of the steps you can follow to analyze the 15-minute chart based on your strategy:
Identify a Valid Break of Structure (BoS):
On the 15-minute chart, find the most recent significant swing point where the price broke a previous structure. This is your BoS.
Mark the Swing High and Swing Low associated with this BoS.
Mark Internal Pullbacks...
For beginner or advanced traders, this is an intraday momentum scalping strategy.
I show you how it works on Gold, S&P500, EUR/USD, and GBP/JPY everyday.
In this video I:
Identify an intraday directional bias
Identify the key levels
Identify trade entry triggers
Emphasize the importance of "Actual Risk"